Today’s Losing Stocks: Micron Technology, Inc. (NASDAQ:MU), Zynga Inc (NASDAQ:ZNGA), Kinross Gold Corporation (USA) (NYSE:KGC)
Northern, WI 04/22/2013 (GDPInsider) – Micron Technology, Inc. (NASDAQ:MU) opened at 9.36. Although the stock opened slightly above the previous close of $9.35, it is presently trading down 1.23%. Trading volume for the today’s session is 10.26 million shares and insider transactions on the stock are down 3.51%. Institutions own 85.23% of the stock in Micron Technology, Inc. and there are 1.03 billion shares outstanding. The stock is lagging despite an announcement by Micron to move forward with an investment in shoring up its offering with solid state drives. Analysts predict that EPS will fall of this year by 728.11%, however, the stock is trading 2.74% above its 50-day moving average.
Is MU a solid investment at these levels? Get must-have updates and insights right here.
Zynga Inc (NASDAQ:ZNGA) opened trading $3.25 and is currently down 0.31% in the day’s trading session. ZNGA has a market cap of $2.51 billion and EPS for the company’s current trading year is expected to rise by 51.12%. EPS for next year is expected to do even better and analysts predict this will rise by 120%. The stock current trading range of $3.17 and $3.29 means that ZNGA is down 67.48% on its 52-week high but up 52.63% on its 52-week low. Insider transactions on the stock are up 194.66% and there are 785.49 million shares outstanding.
How Should Investors Trade ZNGA Now? Get exclusive insights in this free report!
Kinross Gold Corporation (USA) (NYSE:KGC) opened the day’s trading at $5.42 and is presently trading up at 2.06%. The stock’s opening value was slightly up on the previous day’s close of $5.33 and trading volume is 5.59 million. There are 1.14 billion shares outstanding in Kinross Gold Corporation and 75.11% of shares are owned by institutions. Forecast for the gold mining company is mixed with analysts predicting a drop in EPS this year of 21.42%. The stock does however have a forward PE of 7.01. Market cap for Kinross is $6.09 billion and revenues stand at $4.31 billion.
How Should Investors Trade KGC Now? Get the latest trends and data here.