Zynga Inc (ZNGA) Files Form 4 Insider Selling : Devang Shah Sells 223,168 Shares

Zynga Inc (ZNGA): Devang Shah , General Counsel, Sec. and VP of Zynga Inc sold 223,168 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $2.57 per share for a total value of $570,458.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Frank D Gibeau (Chief Executive Officer) sold 159,614 shares at $2.60 per share price.On Jun 17, 2016, Michelle Quejado (Interim CFO and CAO) sold 6,016 shares at $2.21 per share price.Also, On May 17, 2016, Devang Shah (General Counsel, Sec. and VP) sold 5,639 shares at $2.55 per share price.On Oct 19, 2015, David J. Lee (Chief Financial Officer) sold 51,595 shares at $2.43 per share price.

Zynga Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Zynga Inc which led to swings in the share price. The shares opened for trading at $2.62 and hit $2.68 on the upside , eventually ending the session at $2.64, with a gain of 0.38% or 0.01 points. The heightened volatility saw the trading volume jump to 2,18,51,827 shares. The 52-week high of the share price is $3.04 and the company has a market cap of $2,302 M . The 52-week low of the share price is at $1.78.

Zynga Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Zynga Inc is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 3.22 from a previous price target of $3.18 .The Rating was issued on May 5, 2016.Zynga Inc is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 3.30 from a previous price target of $3 .The Rating was issued on May 5, 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 Company’s 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 Company’s brands.

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