Posts tagged stock 
Majesco receives another Nasdaq delisting notice
Majesco is once again out of compliance with the Nasdaq stock exchange for having a stock price under $1 for over 30 days. The company now has 180 days (about six months) to raise its common stock to at least $1 for ten consecutive business days. The publisher's shares took a dive in January when ...
Sony shares drop by 10 percent
In the wake of a $115 million loss in Sony's third quarter, its stock price has taken a significant hit, reports Bloomberg. Shares dropped from ¥1,530 ($16.51) to ¥1,365 ($14.78), a decrease of 10.78 percent. Bloomberg notes that this is the eighth consecutive quarter that Sony has posted a ...
J.P. Morgan reduces Zynga ownership to less than one percent
Multinational banking conglom-o J.P. Morgan has reduced the amount of Zynga stock in its possession from 6.7 million shares to 2.6 million, All Things D reports. This represents a shift in its ownership of the developer/publisher from 6.7 percent to less than half of one percent, with the whole of ...
THQ stock plummets 50 percent
THQ's stock is (as of this writing) down 42 percent, trading at $1.74, following yesterday's dramatic second quarter earnings conference call. The conference call, which totaled 12 minutes, concluded with CEO Brian Farrell saying that the company had been "advised not to conduct a [question and ...
Zynga's business valued at 'nothing'; CityVille 2 'coming soon'
With the walls closing in, Zynga announced CityVille 2 is in closed beta. The company couldn't share any info but to say it "delivers a truly social and visually rich city building experience." It will launch soon. Not that investors seem to currently care. As the LA Times notes, Zynga's combined ...
Zynga passing out stock to keep employees
The hits keep coming for Zynga, and we aren't talking about blockbuster game launches. The latest is from a Bloomberg source, who says Zynga gave out equity grants to all full-time employees in late July to prevent an exodus, following the tides of fortune turning. Bloomberg reports although the ...
NASDAQ tells THQ they cool for now
THQ received notification from stock exchange NASDAQ that the company is back in compliance, having maintained a closing stock price of over $1 for 10 consecutive business days. The publisher accomplished the feat through a 10-to-one reverse stock split, consolidating THQ's 70 million shares to 7 ...
Nexon pays $685 million for 14.7 percent of NCsoft
Nexon is now a minority shareholder in MMO publisher NCsoft, having purchased 3.218 million shares of the company from NCsoft chairman/cofounder Taek Jin Kim to the tune of ₩804.5 billion ($685.43 millon) – 14.7 percent of total stock. This makes Nexon the largest shareholder in NCsoft, ...
THQ receives stock delisting notice
THQ's woes continue as the troubled publisher receives a delisting warning from the Nasdaq stock exchange. The company's stock has been trading below the minimum of $1 for the past 30 days. The publisher has 180 calendar days (until July 23, 2012) to make its stock regain compliance for 10 ...
Zynga's paid $300 per new user in the past nine months, says analyst
Zynga has been struggling with its stock price since the IPO late last year, and Sterne Agee analyst Arvind Bhatia says there are more dark days ahead. When you compare Zynga's $120 million marketing budget to its recent rise in only 400,000 new players (about $300 a person), the numbers don't look ...
Featured Stories
Super Joystiq Podcast 050: Magic 2014, Ace Patrol, Gran Turismo 6, Nvidia Shield
Posted on May 17th 2013 12:00PM