Zynga (NASDAQ:ZNGA): Current price $3.55
Zynga shares are popping in high volume after the activist investor Jana Partners revealed a large position in the company, holding over 25 million shares. Earlier on Wednesday, Barry Rosenstein and his fund Jana Partners released its 13F filing, with the information. According to Chris Ciaccia at TheStreet, in April, Zynga predicted that its second-quarter earnings would be lower than had been anticipated, while the beleaguered firm endeavors transition to better fill consumers’ needs. Chief Executive Mark Pincus commented in a recent press release that ”2013 will continue to be a transition year as we face the challenging environment on the web and invest in developing the leading franchises and network across web and mobile platforms and offer our 253 million monthly players a connected experience that can follow them from work to school to home and anywhere in between.”
Groupon (NASDAQ:GRPN): Current price $7.31
Groupon has introduced Breadcrumb POS, which is a free iPad app that allows salons, fast-service eateries, spas, and retail merchants to replace their outdated cash registers with a user-friendly solution that provides local businesses a low-price guarantee that will surpass any comparable plan on credit card transaction fees. Breadcrumb POS enlarges the number of merchants currently served by the firm’s Breadcrumb family of POS products from restaurants and bars to now include all brick-and-mortar businesses.
Apollo Investment Corporation (NASDAQ: AINV): Current price $8.60
On Wednesday, Apollo said that it has priced a public offering of 19 million shares of its common stock at a public offering price of $8.60 per share for aggregate gross proceeds of $163.4 million. The close of the offering is subject to the usual conditions and should occur on May 20. In conjunction with the offering, the firm will allow the underwriters a 30-day option to buy up to an additional 2.85 million shares.
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