News Column

Story stocks

July 7, 2014



King Digital

Price:$20.72

Chg: -$1.15

% chg: -5.3%

Day's high/low:

$23.22/$20.66

The maker of mobile game Candy Crush sank 5% after a run-up over the past month. Investors question the company's ability to deliver more profitable hit games as the stock nears the $23.50 IPO price.

PetSmart

The pet-supply seller rallied after Longview Asset Management said it supports the idea that PetSmart should consider selling itself. The company said it is exploring restructuring ideas to boost returns.

Apple

Shares of the digital gadget maker rose 2.1% on intensifying anticipation the company will release a smart watch. The company recently hired an executive from high-end watchmaker Tag Heuer.





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Source: USA Today


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