Zynga (ZNGA) : Zynga (ZNGA) had a healthy money flow of $6.58 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $12.2 million, whereas, investors only sold shares worth $5.63 million on downticks. The stock closed the day with an up-down ratio of 2.17.The money flow in the block trades to the tune of $3.67 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $4.25 million worth of transactions were on upticks. A paltry $0.57 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 7.43. Zynga (ZNGA) stock slid $0.01 intraday and traded at 2.79, a change of -0.36% over previous days close. However, for the week, the company shares are -1.41% compared to previous weeks close.
Zynga (NASDAQ:ZNGA): The stock opened at $2.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.84 for the day. The stock traded down to $2.77 during the day, due to lack of any buying support eventually closed down at $2.79 with a loss of -0.36% for the day. The stock had closed at $2.80 on the previous day. The total traded volume was 14,023,177 shares.
The stock has recorded a 20-day Moving Average of 5.32% and the 50-Day Moving Average is 6.98%. In a related news, The officer (General Counsel, Sec. and VP), of Zynga Inc, Shah Devang had unloaded 263,903 shares at $2.56 per share in a transaction on June 16, 2016. The total value of transaction was $675,592. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.