Zynga (ZNGA) has been under a strong bear grip, hence the stock is down -7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.79% in the past 1 week. The stock has risen by 0.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.64% in the past 4 weeks.
Zynga, Inc. is up 4.3% in the last 3-month period. Year-to-Date the stock performance stands at -0.37%. The stock has recorded a 20-day Moving Average of 4.54% and the 50-Day Moving Average is 1.21%.
Zynga (NASDAQ:ZNGA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.66 and $2.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.67, notching a gain of 0.38% for the day. The total traded volume was 5,874,624 . The stock had closed at $2.66 on the previous day.
Also, Cowen & Company upgrades its rating on Zynga (NASDAQ:ZNGA). Analysts at the Cowen & Company have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on August 3, 2016.
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.