Pompano Beach, FL -- (SBWIRE) -- 01/07/2013 -- Social gaming firm Zynga Inc (NASDAQ:ZNGA) was trading once again unexpectedly above the trend line after the company recently declared that it is eliminating few of its famous games from site.
On Friday, Zynga had a higher volume than average as the stock exchanged more than 36 million shares to end at $2.63 showing an increase of 9% from a day ago trading activity.
What made Zynga to trade such an exceptional Volume? Find in this report
Despite of news of eliminating famous games from website, on January 1st 2013 Reginald Davis, Senior VP, GC, Secretary of Zynga Inc purchased 1,666 shares.
Along with buying of shares the social gaming firm released a series of sequels for its firms and Farmville 2, with its 3D graphics, has tried to stay over the charts since it was published late last fall.
Canadian underdog firm Research In Motion Limited (NASDAQ:RIMM) and 14 other firms have been trapped in lawsuits filed by Steelhead Licensing over a patent concerning the handover of wireless signals. Steelhead has recorded various devices that it claims violate on its patent.
How Research in motion stock would react to this lawsuit news? Find in this trend analysis
Research In Motion Limited (USA) (NASDAQ:RIMM), US famous tech titan Apple Inc. (NASDAQ:AAPL) and 13 other firms were being sued on a basic patent concerning the delivery of wireless signals.
Court documents show that Steelhead Licensing filed the lawsuits on Friday in Delaware’s US District Court.
Shares of Research in Motion (RIMM) were trading just below the trend line with negative change of -0.17%.
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