Tesla's stock accelerates; Mylan sinks on $7.2B deal; Zynga gets crushed

Seana Smith
·Host

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Tesla

Tesla (TSLA) shares are soaring in early trading despite missing Wall Street estimates in the fourth quarter. The electric-car manufacturer posted an adjusted loss per share of $0.87 while its revenues totaled $1.75 billion. But investors are cheering after Tesla’s projections for deliveries topped estimates. Tesla expects to deliver 80,000 to 90,000 Model S and Model X vehicles this year. The company also revealed that reservations for its low cost Model 3 will begin in stores March 31st and online April 1st.

Mylan

Shares of Mylan (MYL) are sinking after the pharmaceutical giant announced it will acquire Swedish drug company Meda in a $7.2 billion deal. This comes three months after Mylan’s bid for Perrigo fell short of gathering the shareholder votes needed for the transaction to take place. The combined company will have $11.8 billion in revenue based on their 2015 results.

Zynga

Zynga (ZNGA) is getting crushed after releasing fourth-quarter results. The creator of online games including ‘FarmVille’ and ‘Words with Friends’ lowered its forecast for revenue for the current quarter as its struggles with a decline in customers. Zynga has dropped over 80% since reaching its high soon after its IPO in 2012.