This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Zynga, eBay, Groupon: Tech Winners & Losers (Update 1)

This story has been updated with closing prices and information on Facebook and Google.

NEW YORK ( TheStreet) - Shares of Zynga (ZNGA - Get Report) gained 3.96% to reach $5.78 on Monday, continuing recent momentum.

Equity research firm Wedbush said thatshares of Zynga have bottomed. The firm expects improved monetization in the second half of 2012 driven by increased spending on older games and maturity of 2011 releases.

eBay (EBAY - Get Report) climbed 4.48% to $42.49 after KBW upgraded the online retailer to "Outperform" with a $50 price target. The company should continue to drive e-commerce industry growth, it said.

Shares of Groupon (GRPN - Get Report) soared over 10.83% on Monday to $11.15 after Morgan Stanley (MS)analysts upgraded the company from "Equal-weight" to "Overweight", giving it an $18 price target. Sales growth is accelerating in North America and Groupon is expanding margins, the analysts said.

Facebook (FB - Get Report) acquired, which will provide the owner of the world's largest social network with the technology for facial-recognition in photos, on Monday. Facebook's shares rose 4.65% to $31.41.

Google's (GOOG) shares made a modest gain of 1.12% to $570.85. The search giant released its Transparency Report and announced its acquisition of Magnolia Broadband's patent portfolio on Monday.

The Transparency Report reveals "the place of Google in our information economy, and the great power it has," according to The Atlantic.

A week after Fusion-IO (FIO)announced an equipment manufacturing deal with Cisco (CSCO) its shares rose 8.82% to $20.86 on Monday.

Oracle (ORCL - Get Report), which reports its quarterly earnings on Thursday, dropped 2.09% to $27.12 on Monday.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
FIO $0.00 0.00%
ZNGA $2.97 0.00%
EBAY $59.74 0.00%
FB $80.48 0.00%
GRPN $6.51 0.00%


DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs