Investors were cheered up by news from Zynga (NASDAQ:ZNGA), the underdog social-gaming company, fromits deal to provide online gambling for real money in the United Kingdom market, but it’s not defined clearly yet how the firm would take profit from the deal.
Zynga also stated that its board accepted a repurchase of $200 million of its stock. Formed on the past share price drop, Zynga’srepurchase plan could get it only 10% of its outstanding shares.
Its competitors include Electronic Arts Inc. (NASDAQ:EA) that slipped -0.68% to $12.34 with the total traded volume of 2.98 million shares.
Other Technology stocks with bullish trend include A123 Systems, Inc. (NASDAQ:AONE) up +32.22% to $0.14, Frontier Communications Corp (NASDAQ:FTR) up +1.93% to $4.75 and Teradyne, Inc.(NYSE:TER) up +8.44% to $14.77, whereas with bearish trend include Sprint Nextel Corporation (NYSE:S) down -1.25% to $5.55, Groupon Inc (NASDAQ:GRPN) down -0.34% to $4.41 and Cadence Design Systems, Inc. (NASDAQ:CDNS) down -0.08% to $12.70.
Zynga Inc (NASDAQ:ZNGA) stock’s trade at beginning with a price of $2.45 and the current trading session climbed at a high of $2.50 other than the stock finally advanced +11.93% to $2.38.
Shares price of ZNGA moved down from its 20 days moving average with –5.20% and remote negatively from 50 days moving average with -15.12%. ZNGA current year earnings per share experienced a downfall of -57.12% while its current quarter performance remained -33.02%.
ZNGA has a trade volume of 40.67 million shares is higher as compared to average trading capacity of 19.56 million shares.
ZNGA last month stock price volatility remained 5.63%. In its share capital ZNGA has 759.63 million outstanding shares among them 453.25 mllion shares have been floated in market exchange. ZNGA stock institutional ownership remained 45.73% while insider ownership included 0.35%.
The stock is ahead its 52 week low with +13.81% and lagging behind from its 52 week high price with -84.98%.
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