Zynga (ZNGA) Hit Again Following Facebook (FB) Growth Slowdown
Tweet
Share
E-mail
Get Alerts ZNGA Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citigroup set to join top banks in Anthropic IPO - Bloomberg
- Musalem: strong growth and investment influencing bond market - CNBC
- Increasing unusual put volume: OWL ROST SRAD MRNA EYPT ALLY GGAL UAA SILJ SHAZ CAKE PALL IEP KOS AAP BURL NTNX BULL WMT
Create E-mail Alert Related Categories
Insiders' Blog, Options, Trader TalkSign 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!
