Zynga Declines despite Increased Price Targets from Goldman Sachs and Barclays


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Companies Mentioned

OTC:BB:GHDC / NASDAQ:ZNGA / NYSE:ELX / NASDAQ:NEWL
05/02/2014 [ACCESSWIRE]

Goldland Holdings Co. (OTCBB: GHDC) - For an in-depth report on Goldland Holdings Co. follow: http://www.accesswire.com/www.BullTrends.com/stockquote/GHDC

Shares of GHDC closed up 38.46% on Thursday with about 537,000 shares traded. The stock was one of the biggest gainers in the OTCBB marketplace and hit a new yearly high of $0.29 during intra-day trading. Last month the company signed its second gaming equipment acquisition to be leased to a casino in Cartagena, Colombia.

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

Shares of Zynga closed down about 3% on Thursday with around 27 million shares traded. The stock has been trending down despite the fact that several analysts have recently increased their price target for the company, including Barclays, and Goldman Sachs.

Emulex Corporation (NYSE: ELX) - For an in-depth report on Emulex Corporation follow: www.BullTrends.com/stockquote/ELX

Shares of Emulex Corporation closed down 30.63% on about 13.3 million shares traded. The stock was one of the biggest decliners on the NYSE and hit a new yearly low of $4.85 during intra-day trading. The company reported disappointing third-quarter earnings results with a year-over-year decline in revenue of 6% to $109.7 million, and an adjusted profit of $0.15 per share on gross margin of 66%. The company’s revenue fell $3.1 million shy of estimates.

NewLead Holdings Limited (NASDAQ: NEWL) - For an in-depth report on NewLead Holdings Limited follow: www.BullTrends.com/stockquote/NEWL          

Shares of NEWL closed down nearly 22% on about 21.6 million shares traded. The stock was one of the biggest decliners on the NASDAQ and hit a new 52-week low of $0.08. The company had no significant news to share to explain the decline. The company is engaged in the transportation of refined products and dry bulk goods worldwide. The company transports various products, including gasoline, jet fuel, iron ore, coal, and grains.

 

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