Yelp Inc (NYSE:YELP) shares climbed 8.45% to $26.24 after
soaring over 10% in the previous trading session. The lockup period for more
than 52 million of the company's post-IPO stock expired, but investors
apparently did not lead to a selloff. Yelp lets users post reviews of
neighborhood businesses ranging from plumbers to pet shops on the Web. The 52
week trading range for the company is $14.10 - $31.96.
Can
YELP Move Back To 52-week High Now? Fine Out Here
Zynga Inc (NASDAQ:ZNGA) stock gained 2.12% to $2.89.
Jefferies initiates coverage on Zynga with a Hold and price target set at
$3.00. Jefferies analyst said that Zynga is a leader in the domestic casual
gaming market with over 300MM users playing its free-to-play games like
FarmVille. As it diversifies away from Facebook, Zynga is prioritizing mobile
platforms, where it faces significantly more competition. With users churning
through games with ever increasing frequency, ZNGA must reacquire them on an
ongoing basis. Hence, they see several risks.
Cell Therapeutics Inc (NASDAQ:CTIC) shares declined
8.12% to $1.81. The company said last week that the shareholders of the company
elected Richard Love, Mary Mundinger, and Jack Singer to serve on the company's
Board of Directors until its 2015 Annual Meeting.
Can
CTIC Bounce Back After Today’s Slump? Find Out Here
Additionally, shareholders approved an amendment to
the Company’s amended and restated articles of incorporation to increase the
total number of authorized shares and authorized shares of common stock and
approved an amendment to the Company’s 2007 Equity Incentive Plan, as amended
and restated, to increase the number of shares available for issuance under the
Plan.
Office Depot Inc (NYSE:ODP) shares jumped 14.91% to
$1.85 after the company said it expects full-year 2012 outlook adjusted EBIT in
the $125 million - $135 million range, an increase of about $5 million - $10
million from 2011; and free cash flow ranging between $80 million and $100
million from an operational perspective, up nearly $10 million - $30 million
from 2011.
Zacks upgraded shares of Office Depot (NYSE: ODP)
from an underperform rating to a neutral rating in a research note issued to
investors last week. The firm currently has $1.60 target price on the stock.
Francesca's Holdings Corp (NASDAQ:FRAN) stock
plunged 13% to $31.48 after the company reported second-quarter net income of
$12.7 million or $0.28 per share, as compared to $5.5 million or $0.13 per
share in the comparable quarter last year. Net sales grew 49.1% to $76.37
million from $51.22 million in the same prior year period. Analysts expected
earnings of $0.24 per share on revenues of $71.19 million for the quarter.
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