Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- 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 jumped 2.68% to $3.44. The company 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.
Additionally, 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
Cereplast Inc (PINK:CERP) shares increased 7.80% and closed at $0.0442. The company, on Feb. 20, announced the incorporation of a new wholly owned subsidiary, Algaeplast™, Inc. Algaeplast’s focus will be the development and manufacture of algae-based bioplastics.
Additionally, the company, on Feb. 7, announced that it has appointed Mr. Michael Okada as Chief Financial Officer, effective February 5, 2013. Mr. Okada has been the acting Interim Chief Financial Officer of the Company since February 2012.
Is CERP Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
JPMorgan Chase & Co. (NYSE:JPM) shares gained 2.29% to $48.70 in the morning hour. Analysts at Bank of America Merrill Lynch boosted the price target and earnings estimates on JP Morgan Chase & Co. (JPM) as the financial services giant should see improved net interest income. The analysts maintain a “Buy” rating on JPM and now see shares reaching $55.
Additionally, the company plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company's overall workforce, as the bank tries to improve the profitability of its branches. The cuts will come mainly through attrition, spokeswoman Kristin Lemkau said. The bank's branches have 63,500 employees, representing about a quarter of JPMorgan Chase's total employees.
Is JPM Buy After The Recent Price Movement? Find Out Here
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