NEW YORK, December 2, 2016 /PRNewswire/ --
For today, Stock-Callers.com has initiated coverage on the following equities: Zynga Inc. (NASDAQ: ZNGA), Activision Blizzard Inc. (NASDAQ: ATVI), Electronic Arts Inc. (NASDAQ: EA), and Take-Two Interactive Software Inc. (NASDAQ: TTWO). These stocks belong to the Multimedia and Graphics Software industry, which is involved in the design, development, and support for a variety of multimedia productions. Companies in this category tend to offer below-average dividend yields when compared to the wider market. Learn more about these stocks by downloading their free research reports in PDF format at:
On Thursday, shares in San Francisco, California headquartered Zynga Inc. recorded a trading volume of 18.94 million shares, which was above their three months average volume of 12.19 million shares. The stock ended the day at $2.87, rising 0.35% from the last trading session. The Company's shares have advanced 2.50% in the last one month, 7.09% in the previous three months, and 7.09% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.72% and 9.75%, respectively. Furthermore, shares of Zynga, which develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the US, North America, Asia, and the European Union, have a Relative Strength Index (RSI) of 53.60.
On November 2nd, 2016, Zynga reported Q3 2016 revenue of $182 million, down 7% compared to Q3 2015. For Q3 2016, Zynga reported bookings of $197 million, an increase of 12% compared to Q3 2015. The company reported net loss of ($42) million for Q3 2016 compared to net income of $3 million for Q3 2015. Sign up and read the free research report on ZNGA at:
Santa Monica, California headquartered Activision Blizzard Inc.'s stock saw a decline of 2.81%, finishing yesterday's session at $35.58. A total volume of 12.37 million shares was traded, which was above their three months average volume of 9.43 million shares. The Company's shares are trading below their 200-day moving average by 7.95%. Additionally, shares of Activision Blizzard, which develops and publishes online, PC, video game console, handheld, mobile, and tablet games, have an RSI of 28.20.
On November 7th, 2016, research firm The Benchmark Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $49.79 a share to $50.87 a share.
As per notes filed on November 25th, 2016, with the SEC, Activision Blizzard entered into an employment agreement on November 22nd, 2016, with Robert A. Kotick, the Company's CEO. The Employment Agreement is effective as of October 1st, 2016, and will expire on December 31st, 2021. Mr. Kotick will continue to receive his current base salary for the remainder of 2016 at the annual rate of $2,366,757. Beginning January 01st, 2017, Mr. Kotick's base salary will be reduced to the annual rate of $1,750,000. The complimentary research report on ATVI can be downloaded at:
Shares in Redwood City, California headquartered Electronic Arts Inc. ended Thursday's session 4.62% lower at $75.58. The stock recorded a trading volume of 4.92 million shares, which was above its three months average volume of 3.07 million shares. The Company's shares have gained 9.98% since the start of this year. The stock is trading 1.09% above its 200-day moving average. Moreover, shares of Electronic Arts, which develops, markets, publishes, and distributes games, content, and services for consoles, personal computers, mobile phones, and tablets worldwide, have an RSI of 37.63.
On November 2nd, 2016, research firm The Benchmark Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $98.54 a share to $101.25 a share.
On November 29th, 2016, Respawn Entertainment and Electronic Arts announced that this holiday's highest rated shooter, Titanfall® 2, will host a free trial of the game's full multiplayer offering. The trial will begin for EA Access and Origin Access members on November 30th, 2016 and become available for all non-EA Access and Origin Access players starting December 02nd, 2016 on Xbox One, PlayStation® 4, and Origin for PC. Register for free on Stock-Callers.com and access the latest report on EA at:
Take-Two Interactive Software
At the close, New York headquartered Take-Two Interactive Software Inc.'s stock dropped 4.06%, finishing at $47.23. A total volume of 1.66 million shares was traded. The Company's shares have gained 7.51% in the last month, 7.93% over the previous three months, and 35.56% on an YTD basis. The stock is trading 2.42% and 17.15% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Take-Two Interactive Software, which develops, publishes, and markets interactive entertainment solutions for consumers worldwide, have an RSI of 48.78. Get free access to your research report on TTWO at:
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