Zynga (ZNGA) Shares are Up 6.59%

Zynga (ZNGA) : Traders are bullish on Zynga (ZNGA) as it has outperformed the S&P 500 by a wide margin of 11.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.59% in the last 1 week, and is up 8.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.01% and the 50-Day Moving Average is 4.62%.The 200 Day SMA reached 16.26% Zynga, Inc. is up 18.29% in the last 3-month period. Year-to-Date the stock performance stands at 8.58%.


Zynga (ZNGA) : The consensus price target for Zynga (ZNGA) is $3.32 for the short term with a standard deviation of $0.83. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $5, however, the pessimist price target for the company is $3.

Company shares have received an average consensus rating of Hold for the current week Zynga (NASDAQ:ZNGA): stock was range-bound between the intraday low of $2.87 and the intraday high of $2.92 after having opened at $2.89 on Fridays session. The stock finally closed in the red at $2.89, a loss of -0.34%. The stock remained in the red for the whole trading day. The total traded volume was 10,110,063 shares. The stock failed to cross $2.92 in Fridays trading. The stocks closing price on Thursday was $2.91.

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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