Zynga Inc. (ZNGA) Moves Higher on Volume Spike for January 03

Equities Staff  |

Zynga Inc. (ZNGA) traded on unusually high volume on Jan. 03, as the stock gained 2.55% to close at $4.02. On the day, Zynga Inc. saw 18.69 million shares trade hands on 22,083 trades. Considering that the stock averages only a daily volume of 8.72 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $4.34 and $2.40 over the last 52-weeks, its 50-day SMA is now $3.92, and its 200-day SMA $3.57. Zynga Inc. has a P/B ratio of 2.58.

Zynga Inc is engaged in developing, marketing and operating social games that are played worldwide. Its games include FarmVille, Zynga Poker, and Words With Friends that are played on various platforms such as mobile, desktop and social networking sites.

Headquartered in San Francisco, CA, Zynga Inc. has 1,681 employees and is currently under the leadership of CEO Frank Gibeau.

For a complete fundamental analysis analysis of Zynga Inc., check out Equities.com’s Stock Valuation Analysis report for ZNGA.

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To get more information on Zynga Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: ZNGA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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