Shares of Zynga (ZNGA) Now Up 8+% as Investors Consider OMGPOP Bid
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Zynga (Nasdaq: ZNGA) shares are continuing to break out on very heavy volume as word is getting around the wires the company's media call at 3pm EST could be related to the acquisition of "Draw Something" maker OMGPOP.
After pushing over the $14 level just following the reports, the stock is now up an additional 3 percent to $14.47. The stock is up more than 8 percent from Tuesday's closing price.
StreetInsider.com highlighted such an acquisition by Zynga on Monday, March 19th.
After pushing over the $14 level just following the reports, the stock is now up an additional 3 percent to $14.47. The stock is up more than 8 percent from Tuesday's closing price.
StreetInsider.com highlighted such an acquisition by Zynga on Monday, March 19th.
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