Shares of Zynga (ZNGA) Sees Large Inflow of Net Money Flow

Zynga (ZNGA) : Wednesdays money flow indicated an uptick to downtick ratio was at 2.41. The total value of inflow transactions on upticks was $1.31 million, whereas, the total value of outflow trades on downticks was $0.54 million. The total money flow was $0.76 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.55 million. The total value of the trades done on upticks was $0.62 million. Downticks saw transactions worth $0.07 million. The total uptick to downtick ratio stood at 9.33, mildly in favor of the bulls. Zynga (ZNGA) was trading with a -1.05% change over previous days close. It fell $0.03 during the day and reached $2.85. The stock was 0.35% compared to the previous weeks close.

Zynga

Zynga, Inc. has dropped 1.74% in the last five trading days, however, the shares have posted positive gains of 1.81% in the last 4 weeks. Zynga, Inc. is up 16.53% in the last 3-month period. Year-to-Date the stock performance stands at 5.22%.

Zynga (ZNGA) : 4 brokerage houses believe that Zynga (ZNGA) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Zynga (ZNGA). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Zynga (NASDAQ:ZNGA): stock was range-bound between the intraday low of $2.8 and the intraday high of $2.87 after having opened at $2.87 on Wednesdays session. The stock finally closed in the red at $2.87, a loss of -2.08%. The stock remained in the red for the whole trading day. The total traded volume was 10,752,210 shares. The stock failed to cross $2.87 in Wednesdays trading. The stocks closing price on Thursday was $2.88.

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 Zynga.com. 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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