Midday Watch: Amazon.com (AMZN), Valeant Pharmaceuticals (VRX), FireEye (FEYE), Zynga (ZNGA)

Shares of Amazon.com (AMZN) are up $1.19, or 28%, at $424.86 after the Wall Street Journal this morning said the Seattle retailer is developing a mobile app that would pay ordinary people, rather than courier companies, to deliver packages en route to other destination. The service, internally called “On My Way”, would recruit retailers in urban areas to store packages, and then regular people wanting to make deliveries could use an app to see where to pick up and drop off goods as they were going about their day.

Valeant Pharmaceuticals Int’l, Inc. (VRX) shares are down 1.51% to $227.08 in midday trading Tuesday, following a Bloomberg report suggesting Valeant is in advanced talks to acquire Egyptian drugmaker Amoun Pharmaceutical Co. Bloomberg also said that Laval, Quebec-based drugmaker may reach an agreement with Amoun’s shareholders in the coming weeks. It noted however, that no final decision has been made and any deal may still fall apart.

Shares of FireEye, Inc. (FEYE) hit a new 52-week high on Tuesday, printing the tape at $54.00. That’s a 117.65% rise, or $29.19 per share from the 52-week low of $24.81 set in October 13, 2014.

The stock closed at $53.12 at the end of Monday’s trading session, printing a one-year return of 46.46% and year-to-date return of around 68%.

FEYE is trading at unusually high volume Tuesday with 4.5 million shares changing hands. It is currently trading up 0.31% at $53.29 as of 12:58 p.m. ET. The average volume of shares traded over the last three months was roughly 5.8 million.

Capital World Investors this morning reported a 10.2% passive stake in Zynga, Inc. (ZNGA). In midday trading shares of the gaming developer were down 1% to $2.96.

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