Orlando, FL -- (SBWIRE) -- 10/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Groupon Inc (NASDAQ:GRPN), Zynga Inc(NASDAQ:ZNGA).
Groupon Inc (NASDAQ:GRPN) stock declined 6.93% to $9.86. An analyst at Standard & Poor’s initiated coverage on shares of Tesla Motors on Oct. 17 and recommended a Sell rating for the stock with a price target of $150 per share due to concerns regarding the valuation of the electric car manufacturer. Standard & Poor’s analyst Efraim Levy emphasized, “We are positive on Tesla’s fundamental growth story, but are concerned by its valuation.”
Additionally, the company announced that it intends to hold a conference call to discuss its third quarter 2013 financial results on Thursday, November 7, 2013, at 5:00pm EST.
Are investors worried about the recent updates with GRPN? Find out with a free trend analysis HERE
Zynga Inc(NASDAQ:ZNGA) shares dropped 1.36% to $3.64. The company will hold a conference call to discuss financial results for its third quarter on Thursday, October 24, 2013, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), following the release of its financial results after the close of market.
Additionally, the company on Sept. 30 settled a lawsuit against the maker of “Bang With Friends,” a casual sex Internet application, alleging infringement of Zynga’s trademark for its “with friends” family of games. Lawyers for the two companies asked a federal judge to dismiss the case in light of the settlement, according to a filing in federal court in San Francisco.
Is ZNGA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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