King Digital Crushed In Its First Day of Trading; Exelixis Shares Fall 40 Percent


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NYSE:KING / NASDAQ:EXEL / NASDAQ:BBRY / PK:LVGI
03/27/2014 [ACCESSWIRE]

King Digital Entertainment Plc (NYSE: KING) – For an in-depth report on King Digital Entertainment Plc follow: www.BullTrends.com/stockquote/KING

King Digital Entertainment closed down almost 16% on its first day of trading on the NYSE. The stock made its debut on Wednesday but shares fell to a low of $18.90 in afternoon trade from their IPO price of $22.50, which valued the company at about $6 billion. The company is behind Candy Crush, a free game that is now a household name. It has been downloaded more than 500 million times since its launch on mobile devices.

Exelixis, Inc. (NASDAQ: EXEL) - For an in-depth report on Exelixis, Inc. follow: www.BullTrends.com/stockquote/EXEL

Shares of Exelixis closed down nearly 40% on Wednesday with about 54.5 million shares traded. The stock had one of the biggest drops on the NASDAQ and hit a new 52-week low of $3.87 during intra-day trading. The stock dropped the most since 2011, after the biotechnology company said trials of its prostate cancer drug wouldn’t end early.

BlackBerry Limited (NASDAQ: BBRY) - For an in-depth report on BlackBerry Limited follow: www.BullTrends.com/stockquote/BBRY

Shares of BBRY closed down a modest 2.14% on Wednesday with about 19.7 million shares traded. The stock was one of the most active stocks on the NASDAQ. The company’s Chief Executive John Chen in a blog post, said BlackBerry is “pursuing legal action against a party who stole confidential information about a future BlackBerry product and made that information public.”

Limitless Venture Group Inc. (OTC: LVGI) - For an in-depth report on Limitless Venture Group Inc. follow: www.BullTrends.com/stockquote/LVGI

Shares of LVGI closed up about 257% on Wednesday with over 700 million shares traded. The stock had one of the biggest gains in the OTC market despite the company not releasing any news. Last month the company’s new CEO Joseph Francella addressed shoulders and stated his salary for the next six months would be $1.00 to prove his confidence in the company.

 

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