King Digital crushing it, Blackberry popping, PetSmart up day two
Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo finance ticker searches:
King Digital (KING): The Candy Crush Saga gamemaker popping over 4% today, now actually above it's IPO price. With today's move, shares of the mobile game publisher have gained 47% from their May 13 closing low of $15.32. Apparently Wall Street is banking big time on the company's Candy Crush Soda Saga game, which is expected to be released globally in the third quarter.
Blackberry (BBRY): The beleaguered smartphone maker is catching a solid bid today, jumping over 6% and now only a buck away from hitting a new 52-week high. The big news? The Economic Times reports BlackBerry and India's NantHealth are planning to launch a healthcare platform in India. The service could link thousands of medical devices to help detect early stage illnesses. The current NantHealth M2M platform is currently installed at about 250 hospitals globally, and connects more than 16,000 medical devices.
Good boy! PetSmart (PETM) shares are refusing rollover today after the company says it will review options for returning more money to shareholders. After spending most of 2014 in the dog house, PetSmart spiked 10% last week on word that activist investors had taken a 9.9% stake and were making the usual demands about seeking mergers and board seats. The activists in question, Jana, aren't really offering many specifics but the industry trend is in their favor. Americans will spend a record $60 billion on their pets this year with old people and childless couples leading the way. The aging of America should be good to PetSmart and a nation of fat dogs in horrible sweaters.