What’s Moving These Hot Stocks: Zynga, Groupon, Nokia, Ford
Zynga, Inc. (NASDAQ:ZNGA): Both GSV Capital and the Firsthand Technology Value Fund have taken out notable Facebook positions and are increasing on yesterday’s gains following Facebook’s raise to its IPO price range (now $34-38). Zynga is up too, as most of its revenue comes from Facebook. Zynga shares traded at $8.54 lately, up $o.60 or 7.42%.
Investing Insights: Why is Zynga Grabbing These Mobile Gaming Brains?
Groupon Inc (NASDAQ:GRPN): After a Q1 beat and impressive Q2 guidance, Groupon is up thanks to rising North American sales (hinting that the company is beating new and existing domestic rivals). Groupon has been upgraded by Sterne Agee and Citi due to kudos to its operating leverage. Concerns have been expressed by Deutsche, however, that reduced marketing expenses reported by Groupon won’t hold, and Stifel predicts possible falling shares prior to the June 1 IPO lockup expiration. The company’s shares traded at $13.22 recently, up $1.49 or 12.65%.
Nokia Corporation (NYSE:NOK) debuted two new mobile phone models in its effort to get another billion consumers connected to information and the internet. The new models (Nokia 110 and Nokia 112) have been created with an eye on young, urban customers who desire an affordable and efficient online experience. Both are designed for ease of use with Facebook, Twitter and other social media networks, and both boast the Nokia browser. Nokia shares recently traded down $0.13 or 4.10% at $2.92.
Ford Motor Co. (NYSE:F): The familiar blue oval Ford logo and Ford name aren’t seen on TV spots that make up the auto company’s new ad campaign, in the interest of grabbing consumer attention for new models without any preexisting opinions about the company getting in the way. Ford shares were trading at $10.23 recently, down $0.09 or 0.82%.
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