Zynga (ZNGA) Shares Higher Early; Implied Volatility Still Below Historical Average
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Zynga Inc. (Nasdaq: ZNGA) is out of the gates higher Monday, as investors begin to see more value in the shares.
Volatility is swinging around, but still around 72 percent to 73 percent of its trailing average over the last year.
Shares are up 3 percent on the session.
Based on the recent drop in share price following Facebook's (Nasdaq: FB) IPO, Zynga's 50-day SMA is well above its trading price, currently situated at $7.93.
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Volatility is swinging around, but still around 72 percent to 73 percent of its trailing average over the last year.
Shares are up 3 percent on the session.
Based on the recent drop in share price following Facebook's (Nasdaq: FB) IPO, Zynga's 50-day SMA is well above its trading price, currently situated at $7.93.
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