Zynga (NASDAQ:ZNGA) has tumbled 7.17% during the past week and has dropped 3.91% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.06%. Zynga (NASDAQ:ZNGA) has underperformed the index by 4.78% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Zynga (NASDAQ:ZNGA): The stock opened at $2.54 on Friday but the bulls could not build on the opening and the stock topped out at $2.55 for the day. The stock traded down to $2.46 during the day, due to lack of any buying support eventually closed down at $2.46 with a loss of -3.15% for the day. The stock had closed at $2.54 on the previous day. The total traded volume was 20,154,865 shares.
The company shares have dropped -17.45% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $3.01 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $2.55 and the 200 Day Moving Average price is recorded at $2.40.
On the companys insider trading activities,The officer (General Counsel, Sec. and VP) of Zynga Inc, Shah Devang sold 223,168 shares at $2.57 on June 16, 2016. The Insider selling transaction had a total value worth of $573,542. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 16.81% of Zynga shares according to the proxy statements. Institutional Investors own 56.03% of Zynga shares.
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.