TECH STOCKS: Zynga Stands Out Among Tech Gainers

By Rex Crum, MarketWatch Alibaba falls on Singles Day; Juniper slips after CEO change

SAN FRANCISCO (MarketWatch) -- Tech stocks saw mixed trading Tuesday during a relatively slow Veterans Day market session in the U.S.

While U.S. stock markets were open Tuesday, city, state, and federal offices were closed, as well as schools, libraries and banks, and there was no mail delivery. Many companies were also closed in observance of the holiday.

Among leading tech stocks, gains came from Amazon.com Inc. (AMZN), Apple Inc. (AAPL), eBay Inc. (EBAY) and Google Inc. (GOOGL).

Social and mobile-gaming company Zynga Inc. (ZNGA) flexed its muscles and rose almost 11% to $2.75 a share. Analyst Brian Pitz of Jefferies & Co. raised his rating on Zynga to buy from hold with a price target of $4.50 a share on the company's stock. Pitz cited Zynga's performance in mobile games as the main reason for his upgrade.

Decliners included Juniper Networks Inc. (JNPR), which lost more than 5%, to close at $20.28 a share. On Monday, the networking equipment maker said Chief Executive Shaygan Kheradpir had resigned and was replaced by longtime company executive Rami Rahim. It was the second time Juniper has replaced its CEO within a year.

Chinese e-commerce leader Alibaba Group (BABA) shed almost 4% to close at $114.54. Alibaba said it recorded nearly $9 billion in sales on Nov. 11 in China on what is known as "Singles Day" in the country. The sales are turning "Singles Day" into a bigger online shopping day than Black Friday in the U.S.

The Nasdaq Composite Index (RIXF) edged up almost 9 points to close at 4,660, while the Philadelphia Semiconductor Index (SOX) slipped into the red.

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