Volume Buzz: Zynga Inc, Citigroup Inc., General Electric Company, Nokia Corporation

Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- vb-news.net, 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:-

Zynga Inc (NASDAQ:ZNGA) shares fell 3.32% to $2.97 in the early hour. The company, on Feb. 7, reported fourth-quarter earnings and sales, revealing that the Company earned 1 cent per share, or $6.9 million, on sales of $311 million last quarter. Analysts expected a loss of 3 cents per share and $212 million in revenue. The Company's tally of daily active users rose to 56 million in the fourth quarter of 2012 meaning 2 million new daily active users were added in the last year.

How Should Investors Trade ZNGA After The Solid Jump? Let’s Find Out Here

Citigroup Inc. (NYSE:C) shares declined 2.41% to $42.17 in the morning hour. The company, on Feb. 19, announced that it will enter into a strategic agreement with Best Buy to issue and manage Best Buy-branded cards in the United States. In addition, Citi also reached an agreement with Capital One Financial Corp. to acquire approximately $7 billion of Best Buy private label and co-branded card loans. Both deals are anticipated to close in the third quarter of 2013 subject to customary conditions. Citi does not currently expect the impact of the transactions to be material to its earnings in 2013.

Is C Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

General Electric Company (NYSE:GE) stock gained 0.15% to $23.25. The company, on Feb. 19, said it will begin trading ex-dividend on February 21, 2013. A cash dividend payment of $0.19 per share is scheduled to be paid on April 25, 2013. Shareholders who purchased GE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 11.76% increase over the same period a year ago.

Is GE Buy After The Recent Price Movement? Find Out Here

Nokia Corporation (ADR) (NYSE:NOK) stock dropped 2.83% to $3.71. The company faces pressure from Samsung which has some Tiger Cubs and other hedge funds smiling (see full list of funds short Nokia). Recently, Samsung Electronics Co., Ltd. (LON:BC94) announced a new series of devices. The Rex product line will seemingly go head-to-head with Nokia’s Asha series, which has been successful the last two quarters. Both the Asha and the Rex series contain a range of phones targeting the high-end of the feature phone market.

Is NOK a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here

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