Zynga Inc (ZNGA)

[Trevor11]

ZNGA: 23.27 MILLION SHARES TRADE HANDS ON 29,652 TRADES, SETTING UP A MORE MEANINGFUL MOVE








SETTING UP A MORE MEANINGFUL MOVE IN STOCK PRICE.

THE ADDED VOLUME ALSO PROVIDES A LEVEL OF SUPPORT AND STABILITY FOR PRICE ADVANCES.


23.27 MILLION SHARES TRADE HANDS ON 29,652 TRADES.





ZYNGA INC. (ZNGA) MOVES HIGHER ON VOLUME SPIKE FOR FEBRUARY 22

Equities Staff | WEDNESDAY, 22 FEBRUARY 2017 17:18 (EST)


ZYNGA INC. (ZNGA) TRADED ON UNUSUALLY HIGH VOLUME ON FEB. 22, AS THE STOCK GAINED 4.43% TO CLOSE AT $2.83. On the day, Zynga Inc. saw 23.27 MILLION SHARES TRADE HANDS ON 29,652 TRADES. Considering that the stock averages only a daily volume of 11.68 million shares a day over the last month, THIS REPRESENTS A PRETTY SIGNIFICANT BUMP IN VOLUME over the norm.
Generally speaking, when A STOCK EXPERIENCES A SUDDEN SPIKE IN TRADING VOLUME, IT MAY BE SEEN AS A BULLISH SIGNAL FOR INVESTORS. An increase in volume means more market awareness for the company, POTENTIALLY SETTING UP A MORE MEANINGFUL MOVE IN STOCK PRICE. The added volume also provides a level of SUPPORT AND STABILITY FOR PRICE ADVANCES.
The stock has traded between $3.08 and $1.95 over the last 52-weeks, its 50-day SMA is now $2.65, and its 200-day SMA $2.72. Zynga Inc. has a P/B ratio of 1.57.
Zynga Inc provides social game services. The Company develops, markets and operates social games as live services played on mobile platforms such as iOS and Android and social networking sites such as Facebook.
Headquartered in San Francisco, CA, Zynga Inc. has 1,681 employees and is currently under the leadership of CEO Frank Gibeau.
For a complete fundamental analysis analysis of Zynga Inc., check out Equities.com’s Stock Valuation Analysis report for ZNGA.
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To get more information on Zynga Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: ZNGA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.

Zynga Inc. is a Provider of social game services
Last Price $ 2.83 Last Trade Feb/22 - 16:00
Change $ 0.12 Change Percent 4.43 %
Open $ 2.70 Prev Close $ 2.71
High $ 2.85 low $ 2.70
52 Week High $ 3.08 52 Week Low $ 1.97
Market Cap 2,484,566,974 PE Ratio 1.57
Volume 23,266,032 Exchange NGS


Source:

https://www.equities.com/news/zynga-inc-znga-moves-higher-on-volume-spike-for-february-22