6 Buzzing Stocks: Zynga Prices IPO, Pfizer Heading Higher and Molycorp Jumps 3%

Zynga (NASDAQ:ZNGA) will be in the spotlight Friday.  The social gaming company priced its initial public offering at $10 per share.  It was previously estimated to price at $8.50 to $10 per share.  Skeptics still remain, as other social stock offerings such as LinkedIn Corp. (NYSE:LNKD) and Groupon Inc. (NASDAQ:GRPN) have performed poorly this year.

Don’t Miss: Zynga Raises $1 Billion in IPO.

Shares of Pfizer Inc. (NYSE:PFE) are receiving a 1 percent boost this morning.  The company said a Phase III study of its Lyrica drug met each of its three co-primary endpoints.  The drug is for restless-leg syndrome.  Other pharmaceutical companies such as Bristol Myers Squibb Co. (NYSE:BMY) and Merck & Co. (NYSE:MRK) are also trading higher.

Molycorp Inc. (NYSE:MCP) is jumping more than 3 percent before the opening bell.  The rare earth company won approval from the U.S. Bureau of Land Management to drill near its operating in Mountain Pass, California.

Investing Insights: Goldman Sachs Loves These 9 Tech Stocks.

Darden Restaurants Inc. (NYSE:DRI) is trading down 1.17 percent this morning.  The parent company of the Olive Garden and other restaurants reported that fiscal second quarter net earnings decreased 28 percent to $53.7 million (40 cents per share).

Shares of Adobe Systems Inc. (NASDAQ:ADBE) are climbing 5.09 percent after the opening bell.  The company announced fourth quarter profits of $173.7 million (35 cents per share), compared to $269 million (53 cents per share) last year.

Cablevision Systems Corp. (NYSE:CVC) is trading more than 13% lower after being downgraded from buy to hold at ISI Group.  The company also unexpectedly announced that its chief operating officer will be leaving the company.

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