Zynga (ZNGA) Hit Again Following Facebook (FB) Growth Slowdown
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Zynga (Nasdaq: ZNGA) shares are getting smacked again Tuesday following data from comScore Monday which showed Facebook (Nasdaq: FB) growth appears to be slowing. Zynga still derives the lion's share of its top-line from Facebook.
Though shares of Facebook only fell about 9 cents Monday, Zynga shares dropped 8.3 percent, or 50 cents, on the session.
This morning Zynga is hovering around the $5 level, down another 50 cents to 60 cents, about a 10 percent drop.
Volatility is up 11.7 percent from Monday's close and nearing its annual historical average.
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Though shares of Facebook only fell about 9 cents Monday, Zynga shares dropped 8.3 percent, or 50 cents, on the session.
This morning Zynga is hovering around the $5 level, down another 50 cents to 60 cents, about a 10 percent drop.
Volatility is up 11.7 percent from Monday's close and nearing its annual historical average.
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