On Tuesday, Shares of Zynga Inc (NASDAQ:ZNGA), remained flat and closed at $2.85 in the last trading session. The last trading range of the stock ranges between $2.84 and $2.93. Zynga Inc. (ZNGA), a leading social game developer, recently declared financial results for the third quarter ended September 30, 2016. In addition to recently’s press release, a copy of our Q3 2016 Quarterly Earnings Letter, which outlines our Q3 2016 financial results and business outlook, is available on our website . Zynga administration will host a live Q&A session at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) recently to discuss Zynga’s Q3 2016 performance.
Novavax, Inc. (NASDAQ:NVAX), jumped 0.74% and closed at $1.36 in the last trading session. The last trading range of the stock ranges between $1.30 and $1.45. The company’s Market capitalization is $358.28 million with the total Outstanding Shares of 271.25 million. Novavax, Inc., (NVAX) recently declared its financial results for the third quarter and nine months ended September 30, 2016, in conjunction with its Shareholder and Analyst Day update.
The Company presented a restructuring plan designed to meet the following key objectives:
Prioritize development activities to achieve clinical data events within 2017;
Reduce cash burn, extend financial horizon and minimize near-term dilution; and
Maintain operational core competencies to execute development plans.
The restructuring includes an immediate reduction in workforce of about 30%. The Company anticipates to incur one-time restructuring costs of about $3 million to $4 million, counting severance expenses, in the fourth quarter of 2016. In addition, administration has initiated expense reduction measures regardingpre-commercialization activities, capital equipment investments, project specific and general research and development, and general and administrative expenses. As a result of the restructuring, Novavax estimates a reduction in cash burn of $70 million to $100 million in 2017 relative to 2016.
Nasdaq Inc (NASDAQ:NDAQ), dropped -0.39% and closed at $64.48 in the last trading session. The last trading range of the stock ranges between $63.60 and $66.66. During the 52-week trading session the minimum price at which share price traded, registered at $54.62 and reached to max level of $71.92. Nasdaq, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public company services worldwide. It operates in four segments: Market Services, Listing Services, Information Services, and Technology Solutions. The Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income, currency, and commodities trading and clearing; and access and broker services. This segment operates various exchanges and other marketplace facilities across various asset classes, counting derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides clearing, settlement, and central depository services, in addition to offers transaction-based platforms. The Listing Services segment operates various listing platforms, which offer capital raising solutions for private and public companies. Its primary listing markets include The NASDAQ Stock Market, and the Nasdaq Nordic and Nasdaq Baltic exchanges. The Information Services segment sells and distributes historical and real-time quote and trade information to market participants and data distributors; and develops and licenses Nasdaq branded indexes, associated derivatives, and financial products, in addition to provides custom calculation services for third-party clients. The Technology Solutions segment offers corporate solutions in shareholder relations, public relations, multimedia solutions, and governance. It also provides technology solutions for trading, clearing, settlement, surveillance, and information dissemination; facility administration and systems integration, and advisory services; and broker services, in addition to enterprise governance, risk administration, and compliance software and services.