Zynga (ZNGA) Shares Gap 3+% Higher as Rumor Mill Always Churning... (FB)

July 18, 2012 9:34 AM EDT
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.

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Mark pincus zynga
Matt on 2012-07-27 14:50:42
Mark 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!

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