Is It Time To Dump These Stocks? Zynga Inc(NASDAQ:ZNGA), JinZangHuang Tibet Pharmaceuticals, Inc.(OTCMKTS:JZHG), and Molycorp Inc(NYSE:MCP)

Posted by admin August 11, 2014 0 Comment 1078 views


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Zynga Inc(NASDAQ:ZNGA) suffered a four cent loss during Friday’s trading, a 1.37% decrease in value that moved the stock to a closing price of $2.88. The stock notably traded for as little as $2.70 during the day, a new 52 week low for the California-based online social games developer. Zynga, which recently reported an earnings per share loss of two cents for the second quarter, will be creating a game based on Tiger Woods under its Zynga Sports 365 brand. The stock regained one cent during after-hours trading to move to $2.89.

Is Zynga Wrong To Bet Its Financial Future On An Aging Golfer That Hasn’t Won A Major Event Since 2008? Click Here For A Free ZNGA Analysis.

JinZangHuang Tibet Pharmaceuticals, Inc.(OTCMKTS:JZHG) enjoyed a 110.23% increase in value on Friday as the stock gained $0.0097 to close at $0.0185. The stock, which traded within a range of $0.0092 to $0.0369 during the day, remains over twenty cents below its 52 week high of $0.22 recorded on Sep. 20th, 2013. The New Jersey-based Tibetan pharmaceutical company, which distributes its products in China, had a trading volume of 7,006,396.

Will JinZangHuang Maintain Its Current Momentum? View Our Free JZHG Analysis.

Molycorp Inc(NYSE:MCP) gained one cent during Friday’s trading, a 0.43% increase in value that moved the stock to a closing price of $2.36. Although the stock remains a disappointing $0.75 below its three month high of $3.11, the new closing prices places the Colorado-based rare earths and rare metal materials producer $0.49 above its three month closing price low of $1.87. Molycorp reported its second quarter financial results before the markets opened on Thursday. This week, the company also notably announced that it had agreed to a $400 million financing arrangement with Oaktree Capital Management LP.

Will Molycorp Surpass The $2.50 Mark? Take A Look At Our Free MCP Analysis.

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