Investors aren’t so sweet on “Candy Crush Saga” video game maker King Digital Entertainment (KING) ahead of its second-quarter earnings report, due out after the market close Tuesday. King shares were down 3.5%, near 18.50, in afternoon trading in the stock market today. London-based King made its IPO debut on March 26 at 22.50, and King stock peaked at 23.48 on July 2. Pacific Crest Securities downgraded King stock to sector perform from
King Digital Entertainment (KING) stock was upgraded to overweight from neutral by Piper Jaffray Monday on expectations of positive Q2 earnings and improving game diversification for the Ireland-based developer of the smartphone game “Candy Crush Saga.” The investment house also raised its price target on the stock to 28 from 19. King Digital stock rose as much as 6.4% in the stock market today on the upgrade by Piper Jaffray analyst Michael
She has no discernible talent, but Kim Kardashian has made a fortune marketing her Hollywood lifestyle. Now Kardashian has lent her Midas touch to mobile game publisher Glu Mobile (GLUU). The company’s cheap stock has risen 32% in four days since the release of “Kim Kardashian: Hollywood,” a mobile game starring the reality TV star. On Friday alone, shares of Glu Mobile rose more than 7% to 5. San Francisco-based Glu Mobile competes with King Digital Entertainment (KING), Zynga (ZNGA) and others in the mobile game business. Glu announced the Kim Kardashian game last Wednesday. The game is available for download from the Apple (AAPL) and Google (GOOGL) app stores to play on their respective tablets and smartphones. “The game features Kim’s likeness, voice and creative influence as she guides players on their journey to success in n Hollywood,” a press release says. Glu CEO Niccolo de Masi described the…