Zynga, Inc. – (NASDAQ: ZNGA) will IPO Friday with intentions of raising $1 billion. Price range for ZNGA is set to debut in the $8.50 – $10 range. Analysts and investors had expected Zynga to raise the price or boost the number of shares it was selling, since demand had seemed strong in recent weeks.
The IPO of ZNGA, from the maker of “CityVille” and “FarmVille” games, has been highly anticipated because it is seen as a way for investors to get a slice of Facebook’s growth before the social network goes public itself.
Penny Stock American Apparel, Inc. (NYSE AMEX: APP) rose sharply Thursday, up over 20%, on nearly 3x Avg. Daily Volume. APP has been price depressed in the market for years due to the recession and doubts of their ability to make payments on their line-of-credit.
APP is/has :
- Ranked 5th in its industry of 122 for Long-term Growth over the next 5 years.
- Worldwide footprint in their Industry with Quarterly Revenue Growth
- Market Capitalization of over $50 Million
- Insider Purchasing of their Stock and no Insider Sales
- History of trading at levels well over the $10 range
Amwest Imaging, Inc. (OTCBB: AMWI) dropped nearly 30% for the day as shares in, what could bee the hottest penny stock of December, continued their fall from greatness. AMWI dropped as low as $0.09 for the day to end at $0.13, well below the level when we first alerted on November 21st.
AMWI is the hot stock right now and many investors looking to sell will have to find buyers who still believe there is air in the tires.
Winland Ocean Shppinc Gorp. (OTCBB: WLOL) continued its steady upward climb reaching as high as $0.59 in yesterday’s trading. WLOL is up nearly 21% for the week on steady volume.
WLOL announced yesterday a contract valued at $2.5 million to transport 150,000 to 200,000 tons of dolomite for Sojitz Corporation (“Sojitz”) from China to Japan . According to the contract, WLOL will arrange several vessels to transport the contracted cargo from port cities along the Yangtze River to nominated ports in Japan in one year’s time.
Apps Genius Corp. (OTCBB: APGS) reached as high as $0.70 more than once on steady volume yesterday. APGS offers various applications, including Bruisers, a game application for Facebook; My Mad Millions, a game application for Facebook; Drama Llama, an application for Facebook; Slap a Friend, a game application for the Apple Iphone; Bed Bug Alert, a utility application for Apple Iphone; Crazy Dream Application for Facebook; and Angry T*rds for use on the Apple iPhone.
The recent sigining of Jersey Shores’ “Snooki” Polizzi likely won’t take APGS into the realm of GLUU or ZNGA any time soon.Share