Can These Companies Improve Their Long-Term Outlooks? Millennial Media, Inc.(NYSE:MM), Zynga Inc(NASDAQ:ZNGA), and Sirius XM Holdings Inc.(NASDAQ:SIRI)
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Millennial Media, Inc.(NYSE:MM) lost seven cents during yesterday’s trading, a 2.32% decrease in value that moved the stock to a closing price of $2.95. However, the most noteworthy decline for Millennial Media came during after-hours trading, as the stock has lost twenty-three cents to move to $2.72. The after-hours decline for the Maryland-based mobile advertising solutions company came in response to its second quarter financial results report. Millenial CEO Michael Barrett has publically expressed displeasure with the company’s current position.
Zynga Inc(NASDAQ:ZNGA) suffered a 1.22% decline in value during yesterday’s trading as the stock lost four cents to close at $2.85. The stock has lost eighty-one cents since it closed for a three month high of $3.66 on May 13th, 2014. The San Francisco-based online social games developer also traded for as little as $2.76 during the day, a mark just six cents above its 52 week low of $2.70. The stock has risen 0.18% during after-hours trading.
Sirius XM Holdings Inc.(NASDAQ:SIRI) fell two cents during yesterday’s trading to close at $3.42. The 0.44% decrease in value was partially offset by a one cent gain during after-hours trading. It was a rather quiet day for the New York-based satellite radio services provider, as the stock’s trading volume, 23,591,521, was 24,828,879 below its three month average trading volume of 48,420,400. Yesterday, SiriusXM announced that it would be creating a channel featuring the music and personal selections of Pitbull, a famous musician.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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