Tasman Metals Ltd. (NYSEMKT:TAS), King Digital Entertainment PLC (NYSE:KING) and Avalon Rare Metals Inc. (NYSEMKT:AVL) are making big gains this Friday. Posting losses are MagnaChip Semiconductor Corp. (NYSE:MX), IFM Investments Limited (OTCMKTS:CTCLY) and Zynga Inc. (NASDAQ:ZNGA).
King Digital Climbs on Earnings
[drizzle]King Digital Entertainment PLC surged +13.11% after reporting fourth quarter and full-year 2014 results. The game maker behind Candy Crush Saga and Pet Rescue Saga, the stock is down about -12% from its IPO price. As of its most recent regulatory filing, Tiger Global holds 4.74 million KING shares.
Avalon Rare Metals gained +12.92% and is up +47% for the year. A mineral exploration and development company, Avalon has experienced a decline in short interest recently. Richard Chilton has had a stake in the firm since the first quarter of 2011.
MagnaChip Semiconductor plunged -48.4% after completing the restatement of its financial results for the full years 2011 to 2013 and filing reports for the first three quarters of 2014. It is now trading rather close to its 52-week low of $6.40. Marc Lasry has had a stake in the firm since Q1 2011 and as of the third quarter of last year holds over four million MX shares.
IFM Investments, another Lasry pick, tumbled -20% today and is down more than -67% YTD.
Also having a tough Friday: Zynga, the share price of which plummeted 15.48%. The company posted disappointing fourth quarter earnings, causing some to call for its CEO’s termination. Tiger Global holds 5.64 million of the gaming company’s shares.