Dallas, TX -- (SBWIRE) -- 03/22/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Halozyme Therapeutics, Inc. (NASDAQ:HALO) shares climbed 17.65% to $6.20 after Baxter International Inc. (NYSE:BAX) and Halozyme today announced that the European Medicines Agency's Committee for Medicinal Products for Human Use (EMA CHMP) has granted a Positive Opinion to Baxter for the use of HyQvia (solution for subcutaneous use) as replacement therapy for adult patients with primary and secondary immunodeficiencies. The product is a combination of human normal immunoglobulin (IGSC, 10%) and recombinant human hyaluronidase, which facilitates the dispersion and absorption of the IGSC.
How Should Investors Trade HALO After The Recent Price movement? Find out Here
Zynga Inc (NASDAQ:ZNGA) shares jumped 2.36% to $3.43 after Credit Agricole started coverage on shares of Zynga in a research note issued today. The firm set an “underperform” rating on the stock.
Additionally, the company recently said it is cutting about 1% of its staff, amounting to several dozen employees, as the social-games firm shutters its Baltimore office and consolidates others in a cost-cutting move. The company said in a statement it is shutting its Baltimore studio, which employed fewer than 50 people, and sending some of those employees elsewhere.
Is ZNGA a Strong Buying Opportunity After The Recent Slump? Find out Here
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) shares increased 0.02% to $85.94. The company, on Feb. 4, announced that for the first quarter of 2013, it expects total revenues in an amount ranging from RMB5.890 billion ($945.4 million) to RMB6.080 billion ($975.9 million). Analysts on an average are expecting the Company to report revenues $963.7 million for the first quarter of 2013.
Additionally, CLSA last month has downgraded Internet search engine provider BIDU to Underperform from a Buy citing competition and other reasons. Earlier Goldman Sachs had reduced the target price on its shares to $89 from $135, and put out a bearish note on the company.
Is BIDU a Buy After The Latest Price Action? Find Out Here
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