7 Buzzing Stocks: Yelp Goes Public, Zynga Surges 8%
Shares of Sara Lee Corp. (NYSE:SLE) jumped more than 4 percent in early morning trading. The company said it will pay a special dividend of $3 per share, as it spins off its Coffee and Tea unit.
Yelp Inc. (YELP) shares will begin trading today after being priced at $15 per share late Thursday. The business review company was expected to price between $12 and $14 per share.
The new PIMCO Total Return ETF (TRXT) gained 1 percent before the opening bell. The ETF launched Thursday and will allow investors to see PIMCO’s macroeconomic views in real time through the holdings of the ETF.
Zynga Inc. (NASDAQ:ZNGA) shares surged 8 percent early Friday. The online gaming company announced it will allow users to play its games without going through Facebook.
Shares of SINA Corp. (NASDAQ:SINA) increased 3.2 percent after Baidu (NASDAQ:BIDU) said it will begin displaying real-time links to tweets on Sina’s microblogs. Sina is an online media company and MVAS provider in the People’s Republic of China and for the global Chinese communities.
Shutterfly Inc. (NASDAQ:SFLY) shares surged 13.5 percent in early trading. The online photo company plans to purchase Kodak’s online photo sharing platform for $23.8 million. The deal will transfer customer accounts and images in the U.S. and Canada from Kodak Gallery to Shutterfly.
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