Stocks to Watch: Star Scientific, Zynga Inc, Starwood Property Trust

Lakeway, TX -- (SBWIRE) -- 02/28/2013 -- Bestdamnpennystocks, 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:-

Star Scientific, Inc.(NASDAQ:STSI) shares gained 5.06% to $1.87. STSI’s stock was downgraded by Zacks analyst from an outperform rating to a neutral rating in a research note issued to investorson Jan. 31. The current target price on the stock is $2.60.

Additionally last month, the Company announces publication of the first peer-reviewed article examining the effects of anatabine in a mouse model of the debilitating autoimmune and neurodegenerative disease multiple sclerosis (MS).

How Should Investors Trade STSI After The Recent Movement? Find Out Here

Zynga Inc (NASDAQ:ZNGA) shares jumped 4.76% to $3.52. 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.

Is ZNGA Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Starwood Property Trust, Inc. (NYSE:STWD) shares jumped 4.55% and closed at $27.57 in the last trading session after the company reported fourth-quarter profit of $58.43 million, up from $41.07 million in the same period last year. Net income attributable to the company increased to $56.33 million from $41.03 million last year. On a per-share basis, earnings dropped to $0.42 from $0.44 last year. Core earnings for the period totaled $64.49 million or $0.48 per share.

Is STWD a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

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