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Posts tagged stocks

Zynga hit with insider trading lawsuit as execs cash out before crash

Zynga has been hit with the first of five expected lawsuits alleging a handful of top executives and investors engaged in insider trading – including CEO Marc Pincus and Google. Following Zynga's IPO in December, employees and investors were "locked up," unable to sell their shares until May...

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THQ retains NASDAQ listing as board approves reverse stock split

THQ will keep its NASDAQ listing following the approval of a reverse stock split by its controlling board. Last week, stockholders met and approved a 10-to-one reverse stock split, effectively consolidating THQ's nearly 70 million stock units to around 7 million, and bringing their value from...

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THQ planning reverse stock split to avoid NASDAQ delisting

THQ filed plans with the SEC Friday for a June 29 stockholders meeting, where the company will propose a reverse stock split to avoid delisting from NASDAQ. In the filing, the company describes the need for the stock split to maintain the $1 per share minimum that NASDAQ requires for listing. THQ...

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Sony shares drop to 31-year low in Japan, 19-year low in US

Shares of Sony stock have dipped to their lowest number in 31 years in Japan and to a 19-year low in the US, following a dismal earnings report for the previous fiscal year. Sony shares dropped 7 percent in Japan, to 1,135 Yen ($14), and 2 percent in the US, closing at $15.37. Sony CEO Kaz Hirai...

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Zynga executives unloading 20 million shares in secondary offering

Zynga is prepping for its upcoming secondary stock offering, which will put 43 million shares of the company up for sale -- 20.2 million of which are "Class B" shares that currently belong to the high ranking Zynga executives. In descending order of shares being sold, cofounder Mark Pincus is...

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Zynga stock jumps after announcing a platform separate from Facebook

One of investors' main concerns when it comes to Zynga is the fact that it piggybacks on Facebook -- very successfully, mind you, but still, its entire multi-million dollar existence relies on a social networking platform that has a mind and billions of dollars of its own. Yesterday, when Zynga...

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Zynga stock falters, holds on first day of trading

Zynga stock finally roared out of the gate and on to the trading floor yesterday at $10 a share, but investors weren't hugely impressed with the social gaming company. The stock started up a dollar at $11, and then dropped back down two, and then thirty, and then fifty cents during the day,...

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Nintendo shares drop 5 percent following TGS showcase

It seems Japanese investors weren't too thrilled by the presentation Nintendo put together for last night's Tokyo Game Show press conference. Despite revealing a new Mario Tennis, another Monster Hunter title, a firmware update and a different 3DS color, Nintendo's share price dropped to...

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Zynga delaying stock IPO, due to 'rocky stock markets' and SEC questioning

Zynga was all revved up to release the initial public offering of its stock, but has had to delay that plan due to market instability and to answer questions from the SEC, according to The New York Post. The IPO was planned for next month, but the SEC is looking into how the social games...

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HTC investing $40M in OnLive for smartphone gaming

"Yes, OnLive works on cell phones, too," the company's enterprising CEO Steve Perlman assured us all ... fifteen months ago. Did you forget? 'Cause HTC sure didn't. The smartphone manufacturing giant has unannounced plans to buy 5.3 million OnLive shares at $7.50 each -- that's about a $40 million...

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