Trading Into US Debt Ceiling: Synovus, Zynga Inc, Zippy Bags
NEW YORK, January 15, 2013 /PRNewswire/ --
Markets today are looking to give back some of its gains as Fitch warns the US that Failure to raise the US Debt ceiling would put the triple A rating under formal review. The U.S government will reach its debt limit by the end of February or early March. An agreement between Democrats and the GOP is needed for an increase to the US debt ceiling
Synovus (NYSE: SNV) - SNV has been one of the most active stocks on the NYSE yesterday trading 4 million shares over its average volume. 7 insider transactions have taken place On Jan 11th all of which were buys. A total of 12,563 were purchased, the biggest being from Chairman CEO and President who bought 3,918 shares at a price per share of $2.44 for the total sum of $9,559.92. Since January 11th the stock is up $0.06.
Zynga Inc (NASDAQ: ZNGA) - Zynga started off the day on a positive note as it opened a penny over its closing price but as the market is retracing from its previous rally zynga is also giving back some points today. The company is set to come out with earnings on Feb. 5th 2013 and discuss Fourth Quarter and Full Year 2012 Results via Web cast. On Jan 9th 2013 executive Vp, and CTO Cadir Lee bought 50,000 shares of Zynga.
Zippy Bags (OTC:ZPPB) - Zippy bags has come out of the gates with huge volume. The stock is up over 200% and has traded over 4 million shares. The company has just recently announced that it secured a new sales agreement with World Wide Wholesale, Inc for the purchase of 12,000 Zippy Bike bags. Zippy Bags CEO Janet Somsen goes on to say "we are greatly concentrating our sales and marketing efforts on the countries of France, Germany, Italy and Spain as our initial foreign markets."
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