Trading Into US Debt Ceiling: Synovus, Zynga Inc, Zippy Bags

Tue Jan 15, 2013 11:40am EST

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NEW YORK,  January 15, 2013  /PRNewswire/ --

Markets today are looking to give back some of its gains as Fitch warns the US
that Failure to raise the US Debt ceiling would put the triple A rating under
formal review. The U.S government will reach its debt limit by the end of
February or early March. An agreement between Democrats and the GOP is needed
for an increase to the US debt ceiling     

Synovus (NYSE:SNV) - SNV has been one of the most active stocks on the NYSE
yesterday trading 4 million shares over its average volume. 7 insider
transactions have taken place On  Jan 11th   all of which were buys. A total of
12,563 were purchased, the biggest being from Chairman CEO and President who
bought 3,918 shares at a price per share of  $2.44  for the total sum of 
$9,559.92. Since  January 11th  the stock is up  $0.06.

Zynga Inc (NASDAQ:ZNGA) - Zynga started off the day on a positive note as it
opened a penny over its closing price but as the market is retracing from its
previous rally zynga is also giving back some points today. The company is set
to come out with earnings on  Feb. 5th  2013 and discuss Fourth Quarter and Full
Year 2012 Results via Web cast. On  Jan 9th  2013 executive Vp, and CTO Cadir
Lee bought 50,000 shares of Zynga.

Zippy Bags (OTC:ZPPB) - Zippy bags has come out of the gates with huge volume.
The stock is up over 200% and has traded over 4 million shares. The company has
just recently announced that it secured a new sales agreement with World Wide
Wholesale, Inc for the purchase of 12,000 Zippy Bike bags. Zippy Bags CEO  Janet
Somsen  goes on to say "we are greatly concentrating our sales and marketing
efforts on the countries of  France,  Germany,  Italy  and  Spain  as our
initial foreign markets."

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