Shares of Zynga (ZNGA) Drops by -0.7%

Zynga (ZNGA) has risen sharply, recording gains of 15.04% in the past 4 weeks. However, the stock has corrected -0.7% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 8.7% and the 50-Day Moving Average is 9.42%.

Zynga (NASDAQ:ZNGA): The stock opened at $2.83 on Friday but the bulls could not build on the opening and the stock topped out at $2.84 for the day. The stock traded down to $2.75 during the day, due to lack of any buying support eventually closed down at $2.83 with a loss of -0.35% for the day. The stock had closed at $2.84 on the previous day. The total traded volume was 12,132,859 shares.


The company Insiders own 16.6% of Zynga shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -75.99% . Institutional Investors own 56.45% of Zynga shares. During last six month period, the net percent change held by insiders has seen a change of -75.99%. In a related news, The officer (General Counsel, Sec. and VP), of Zynga Inc, Shah Devang had unloaded 263,903 shares at $2.56 per share in a transaction on June 16, 2016. The total value of transaction was $675,592. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.

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