Buzz Stocks: Zynga Inc, Weight Watchers International, Inc., and Rackspace Hosting, Inc.

Today's stocks to watch in the news include Zynga Inc (NASDAQ:ZNGA), Weight Watchers International, Inc. (NYSE:WTW), and Rackspace Hosting, Inc. (NSYE:RAX)

by Celeste Taylor

Published on Aug 5, 2016 at 10:10 AM

U.S. stocks are comfortably higher after an upbeat U.S. nonfarm payrolls report. Among equities in focus today are mobile gaming stock Zynga Inc (NASDAQ:ZNGA), weight management stock Weight Watchers International, Inc. (NYSE:WTW), and cloud management firm Rackspace Hosting, Inc. (NYSE:RAX).

  • ZNGA is down 6.4% at $2.78, after issuing a weak current-quarter bookings forecast.  However, Credit Suisse and Benchmark both raised their price targets for ZNGA, to $2.89 and $3.48, respectively, in yet another bullish brokerage move for the gaming stock. Today's fall comes just one day after Zynga Inc touched a new annual high of $3.02, but the stock could find support atop its ascending 10-week moving average. Near-term option traders were bullish ahead of earnings, with ZNGA's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sitting at 10.71, higher than 95% of all other readings from the past 12 months.

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