Concho Resources Acquires 24,000 Acres of New Mexico Land for $430 Million

Concho Resources Acquires 24,000 Acres of New Mexico Land for $430 Million

Concho Resources shares rose 3% in pre-market trading Monday after the company said it acquired 24,000 gross acres in Northern Delaware Basin, found in New Mexico, for $430 million. The acquisition, which is expected to close in January, adds to the company’s already 12,000 gross acres in the Red Hills area in New Mexico, expanding in total to a combined 47,000 acres. The company said that the acquisition also includes […]

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Zynga Shares Add 3% as Share Buyback Plan Offsets Q3 Miss

Zynga Shares Add 3% as Share Buyback Plan Offsets Q3 Miss

Shares of Zynga (ZNGA) were higher over 3% on Thursday as the games developer announced plans to buy back $200 million in shares over two years, offsetting mixed Q3 results and a downside guidance for Q4. The company said it is “making steady progress, and as we look for opportunities to create shareholder value we continue to assess our capital allocation strategy.” As part of that effort, Zynga said, it […]

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