Insider Stock Reports: Apple Inc, Facebook Inc, Citigroup Inc, Zynga Inc


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NYSE:C / NASDAQ:AAPL / NASDAQ:FB / NASDAQ:ZNGA
05/20/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / May 20, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Apple Inc, Facebook Inc, Citigroup Inc, Zynga Inc

Citigroup Inc(NYSE:C)’s shares gained 0.71% to $46.77. The company on May 19 announced the commencement of offers to purchase for cash. The offer to purchase each series of Notes is referred to as an “Offer” and all such offers are referred to collectively as the “Offers.” The Notes had an aggregate principal amount outstanding of approximately U.S. $6.66 billion as of May 16, 2014 (based on U.S. dollar exchange rates as of that date).

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Additionally, Citi, acting through Citibank N.A., on May 15 has been appointed by Land Securities Group PLC ("Land Securities"), the UK’s largest commercial property company, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme. Land Securities’ ADR programme trades in the US over-the-counter (OTC) market, under the symbol "LSGOY". Each ADR represents 1 ordinary share. Land Securities’ ordinary shares are listed and trade on the London Stock Exchange under the symbol “LAND”.

Apple Inc. (NASDAQ:AAPL)’s shares increased 1.18% to $604.59. Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphone technology, ending one of the highest profile lawsuits in technology. In a joint statement on May 16, the companies said the settlement does not include a cross license to their respective patents. "Apple and Google have also agreed to work together in some areas of patent reform," the statement said.

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Apple and companies that make phones using Google's Android software have filed dozens of such lawsuits against each other around the world to protect their technology. Apple argued that Android phones that use Google software copy its iPhones.

Facebook Inc (NASDAQ:FB)’s shares jumped 2.05% to $59.21. French advertising agency Publicis Groupe SA and Facebook Inc have struck a multi-year digital marketing deal worth hundreds of millions of dollars, according to a person familiar with the matter on May 19. The deal will focus on video ads that appear on Facebook's social network, as well as ads that appear on Instagram, the mobile photo-sharing app owned by Facebook, according to the source, who spoke on condition of anonymity due to a lack of authority to talk publicly about the deal.

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Zynga Inc(NASDAQ:ZNGA)’s shares jumped 4.48% to $3.50. The company on May 12 announced that Hit It Rich! slots is now available worldwide on Google Play, giving consumers more options for how, when and where they play their favorite slots game. Hit It Rich!, already available for free download on iPhone, iPad and on the Web, is currently one of the most popular Casino game on Apple's App Store and has the world's largest portfolio of branded social slots games.

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Additionally, the company on Apr. 23 announced financial results for the first quarter ended March 31, 2014. Revenue was $168 million for the first quarter of 2014, a decrease of 36% compared to the first quarter of 2013 and a decrease of 5% compared to the fourth quarter of 2013. Net loss was $61 million for the first quarter of 2014 including a restructuring charge of $30 million (which included $17 million related to the closure of data center facilities in addition to $13 million for the actions announced on the January 30, 2014 earnings conference call), down from net income of $4 million for the first quarter of 2013 and down from a net loss of $25 million for the fourth quarter of 2013.

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SOURCE: Market Buzz Report  

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