Zynga (ZNGA) Shares Gap 3+% Higher as Rumor Mill Always Churning... (FB)
Tweet Send to a FriendGet Alerts ZNGA Hot Sheet
Trade ZNGA Now!
Shares of Zynga (Nasdaq: ZNGA) are up more than 3.5 percent just after the opening bell. While we are not hearing any legitimate chatter, rumors on this momo name are frequent.
Volume appears very heavy this morning.
Facebook (Nasdaq: FB) shares, a peer in the social group which usually means inline with Zynga's stock, are up 2.3 percent at last check.
Zynga shares last traded at $4.75, while Facebook shares are around $28.72.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Volume appears very heavy this morning.
Facebook (Nasdaq: FB) shares, a peer in the social group which usually means inline with Zynga's stock, are up 2.3 percent at last check.
Zynga shares last traded at $4.75, while Facebook shares are around $28.72.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal
- If SolarCity (SCTY) is a 'Bubble', Then Real Goods Solar (RSOL) is a 'Black Swan'
- UPDATE: Dish Network (DISH) CEO Offers $2 Billion for Lightsquared Spectrum - Bloomberg
Create E-mail Alert Related Categories
Momentum Movers, RumorsComments
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Mark pincus zynga
Matt on Jul 27, 2012 02:50 PMMark as Spam | Reply to this comment
Mark pincus has sold more than $300 million in zynga stock at $12-$14 a share. Less than a year later the shareS are worth $3 a share at about $30 million. He lost 70% of his wealth in six months and it would have been around 90% if he hadn't sold his shares two months before his stock crashed. There is obvious insider trading. If you can't see this you must be blind. Only a complete moron would buy znga!