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News for 'ZNGA' -
(DJ Zynga CEO Suggests Firm May Partner In Gambling Venture)
By John Letzing Of DOW JONES NEWSWIRES
SAN FRANCISCO (Dow Jones)--Zynga Inc. (ZNGA) Chief Executive Mark Pincus said Wednesday he sees "mind blowing" possibilities for weaving real-money gambling into social games pending regulatory changes in the U.S., and suggested the company may partner with a traditional casino company before the end of this year.
Pincus, speaking at the Morgan Stanley Technology, Media & Telecom Conference, said his San Francisco-based company sees a great deal of opportunity "to start to bring this gambling element into more than just casino games."
"The amount of innovation you're going to see around gambling as an entertainment mechanic is going to be mind blowing," he said.
Zynga's CEO suggested the company may partner with traditional casino firms such as Wynn Resorts Ltd.
(WYNN)--where Pincus mentioned he once won enough money in a single sitting to buy himself a "fancy watch."
"We're definitely talking to all of the players that you would suspect," Pincus said, adding, "We have incredible respect and admiration for brands and groups like the Wynn... I would expect that you'll see a lot of these players kind of figure out their go-to-market partnerships for sure before the end of this year."
Pincus's comments come as several states consider allowing online gambling, and large casino companies press the federal government to allow online poker networks.
Pincus noted that real money gaming would be a natural fit for Zynga, which already draws tens of millions of players to its Zynga Poker game.
Unlike current games such as Zynga Poker, real money gambling games would involve more than just virtual currency that cannot be converted into cash.
-By John Letzing, Dow Jones Newswires; 415-765-8230; john.letzing@dowjones.com
(END) Dow Jones Newswires
February 29, 2012 14:23 ET (19:23 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.-02 23 PM EST 02-29-12
Breaking insight from Heard on the Street
FEBRUARY 24, 2012, 6:24 PM
Deal Reality in Virtual Vegas...
The social-gaming explosion keeps spurring deals in Vegas.
Slot-machine giant Bally Technologies this past week bought assets from Chiligaming.
http://blogs.wsj.com/overheard/2012/02/24/deal-reality-in-virtual-vegas/
This follows rival International Game Technology’s purchase of online casino Double Down Interactive last month and Caesars Entertainment’s deal for online slots company Playtika last year.
The earlier deals were for companies that run social games on Facebook.
Bally, meanwhile, wants to help its casino customers offer games on their own websites as well.
All the deals offer a marketing opportunity to push online players to the casino floor.
Plus, they give the acquirers a foothold in online games as the legalization of real-money online wagers in the U.S. draws closer.
Meanwhile, say people familiar with the discussions, Facebook and Zynga have had talks with gambling-industry players to investigate how legalization may lead to moneymaking possibilities.
With so many players on their platforms, they have dealt themselves a great hand.
–Rolfe Winkler
Facebook's Gift To Zynga Option Traders
By: Mazen Abdallah.
The biggest benefactor of the soon to be biggest IPO in history was Zynga (ZNGA). With news surfacing that Zynga accounted for 12% of Facebook's revenue, Zynga shares have had a parabolic move up as much as 44% just this week as of the high on Friday ......
http://seekingalpha.com/article/341971-facebook-s-gift-to-zynga-option-traders
Thanks for the information pkdaddy64 !
Zynga Ready For Online Gambling With Real Money
http://www.onlinegambling.me/zynga-ready-for-online-gambling-with-real-money/1038/
Zynga is reportedly all set to try its hand at online gambling with real money.
The social network game maker confirms reports that they are looking for business partners in this new endeavor that they want to get into.
The idea for online gaming came from comments and suggestions from the millions of players of the Zynga Poker online.
Most of these virtual poker players have express their interest in playing for real money.
Since it started showing interest in the field of online casino, Zynga has been actively doing a lot of research and looking into all open possibilities while discussing with the partners the details and the great opportunities this new ventured can provide for everyone concerned.
Zynga Poker:
According to a Zynga spokesman, they aim to create games as well as entertaining experiences that their players will continue love playing.
This virtual gaming maker has created the world’s biggest and most played online poker game.
There are about 7 million gamers that play the Zinga poker everyday and more than 30 million in every month.
Zynga Online Gambling:
They also announced that they are in active dialogues with prospective partners to gain better understanding and in exploring this new prospect.
As a new explorer in this field, Zynga needs to complete a lot of requirements, which means that it may still take months before anything will start rolling.
There will be lots of regulations that Zynga should go through and licenses to secure to make them a legitimate company for online gambling. Since the games will be provided over the Internet, it will also require the most advanced technology to ensure that the online betting will be highly secure.
There are two options open for Zynga, either take up a partnership or acquire an already working online gaming company.
These two options make more sense than starting to enter the online gambling field from the scratch.
Zynga (02/03/2012) Options volume...
is running 7.5X the (22-day) average, with 92,000 contracts traded and call activity accounting for 55 percent of the volume.
http://www.theoptionsinsider.com/unusualactivity/?id=9121
Zynga Inc. (ZNGA) After Hours Trading
They`re at it again !
Feb. 2, 2012 19:59
Market Close: $12.385
After Hours Last: $ 12.69
After Hours Volume: 514,086
Read more: http://www.nasdaq.com/symbol/znga/after-hours#ixzz1lIRLsGiq
Message #428 Should have Read As :
News for 'ZNGA' -
(DJ US HOT STOCKS: National Oil well Varco, Sara Lee, Zynga -3-)
(At the bottom of the page...Zynga news)
Shares of Zynga Inc. (ZNGA, $12.25, +$1.65, +15.57%) rose following Facebook's IPO filing, as investors noted that 12% of the social-networking site's revenue last year came courtesy of the gaming firm.
Facebook also noted that Zynga games generate a lot of web pages where Facebook can display advertising.
-Edited by Ian Thomson and Maya Pope-Chappell; write to ian.thomson@dowjones.com and maya.pope-chappell@dowjones.com
(END) Dow Jones Newswires
February 02, 2012 13:18 ET (18:18 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
I always want to give a link or credit for any information that may be from someone else...
News for 'ZNGA' - (DJ Zynga Shares Surge On Facebook 'Halo Effect')
Shares of Zynga Inc. (ZNGA) surged Thursday morning, setting a record high since the company's initial public offering in mid-December.
The stock rose as much as 20% to a high of $12.91 in early trades.
Analysts cited a "halo effect" from Facebook's S-1 filing on Wednesday afternoon--ahead of its own IPO expected for later this year --
that spelled out more clearly the strong relationship between the two companies, with Zynga accounting for about 12% of Facebook's overall revenue last year.
"While this doesn't reduce the risk of Zynga relying on Facebook, we do see that Facebook also relies on Zynga," said Ed Williams of BMO Capital in an interview.
-Dan Gallagher; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 02, 2012 12:26 ET (17:26 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.- - 12 26 PM EST 02-02-12
ZNGA Stock Rose following Facebook's IPO filing,
as investors noted that 12% of the social-networking site's revenue last year came courtesy of the gaming firm.
Facebook also noted that Zynga games generate a lot of web pages where Facebook can display advertising.
I like the *as investors noted part ! LOL....
NASDAQ Ten Most Active Share Volume ... AFTER HOURS
http://www.nasdaq.com/extended-trading/afterhours-mostactive.aspx
Zynga is number 10 on the NASDAQ 10 most after hours trades list,
555,890 shares as of now....
Last sale... $11.18 PPS
Zynga After hours Trades nasdaq
Feb. 1, 2012 Market Close: $ 10.60
After Hours Last: $ 11.12
After Hours High: $ 11.30
After Hours Low: $ 10.55
After Hours Volume: 515,454
http://www.nasdaq.com/symbol/znga/after-hours
Getting very Interesting HighonStock...
Click on the TRADES BUTTON at the bottom of your page.
I`ve never seen so many form T trades... trading at about $11.1 now.
Yeah, LOL, I noticed that too... (EOM)
I agree PokerVertigo, also... it will be interesting to see what the PPS will be the next day after Zynga releases its financial results on 02/14/2012
SAN FRANCISCO--(BUSINESS WIRE)--
http://www.businesswire.com/news/home/20120126005433/en/Zynga-Discuss-Fourth-Quarter-Full-Year-2011
Zynga Inc. (NASDAQ: ZNGA), the world’s leading social game developer, will hold a conference call to discuss financial results for its fourth quarter and full year 2011 on Tuesday, February 14th, 2012, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), following the release of its financial results after the close of market.
The live webcast of Zynga’s earnings conference call can be accessed at investor.zynga.com.
Following the call, a replay of the webcast will be available through the website.
Contacts @ Zynga Inc.
Investors - Mike Gupta, 415-339-5266
investors@zynga.com
or
Press - Dani Dudeck, 415-503-0303
press@zynga.com
Analysts’ Weekly Ratings Changes for Zynga (ZNGA)
Posted by LUSA Staff on Jan 30th, 2012
http://localizedusa.com/2012/01/30/analysts-weekly-ratings-changes-for-zynga-znga/
Zynga (NASDAQ: ZNGA) was the recipient of a ratings changes during the seven days:
Zynga is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $12.00 price target on the stock.
Zynga is now covered by analysts at Evercore Partners. They set an “equal weight” rating on the stock.
Zynga is now covered by analysts at Sterne Agee. They set a “buy” rating and a $12.00 price target on the stock.
Zynga is now covered by analysts at Morgan Stanley. They set an “overweight” rating on the stock.
Zynga is now covered by analysts at Bank of America. They set a “neutral” rating on the stock.
Zynga is now covered by analysts at Goldman Sachs. They set a “buy” rating and a $13.00 price target on the stock.
Zynga is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $12.00 price target on the stock.
Zynga is now covered by analysts at Piper Jaffray. They set an “overweight” rating on the stock.
Zynga is now covered by analysts at Barclays Capital. They set an “overweight” rating and a $11.00 price target on the stock.
Shares of Zynga Inc. opened at 10.05 on Monday.
Zynga Inc. has a 52 week low of $7.97 and a 52 week high of $11.50.
The stock’s 50-day moving average is $9.14 and its 200-day moving average is $9.14.
The company has a market cap of $7.028 billion and a P/E ratio of 128.65
Closed - 10.39 +0.34 +3.38 Vol. 12,115,973 Bid 10.40 Ask 10.44
Zynga Online Gambling Revenue Could be $5 Billion Claims JP Morgan
http://www.gambling911.com/gambling-news/zynga-online-gambling-revenue-could-be-5-billion-claims-jp-morgan-012612.html
Zynga, which offers the largest free online poker site in the world, has gone all in with its push to offer “real money play” games.
JP Morgan claims that Zynga can potentially generate $5 billion in revenue after the company announced it was in conversations with interested parties to offer the “cash play” platform.
From BusinessInsider.com:
Online gambling represents a market opportunity of between $3.5 billion and $5 billion, which will be realized by 2015, according to the note.
JP Morgan has set a price target of $12 for Zynga based heavily on the prospect of online gambling within Zynga's games.
On Thursday, the company announced it had added a new Bingo game.
Bingo is among the most popular games in the “real cash” online casino sector.
Case in point, Playtech disclosed this week that Bingo revenues were up 9 per cent to €4.1million this past quarter.
By comparison, its popular poker platform witnessed revenues decline 2 per cent to stand at €5.5 million.
The cash cow of the online gambling sector is on the casino end.
Playtech reported a 13 per cent increase in the quarter to €32.8 million.
- Aaron Goldstein, Gambling911.com
Submitted by Aaron Goldstein on Thu, 01/26/2012 - 20:58
Zynga - Options Insight
Posted on 01/25/2012 by Allen Bersch
NEW YORK (AVAFIN) --
Unusual volume of ZNGA call contracts exchanged hands during the last trading session between buyers and sellers.
http://www.avafin.com/articles/1012122.html
There were 6.4 calls traded for each put contract yielding a 0.16 put/call ratio.
Specifically, 3,384 put and 21,621 call contracts were traded during the busy trading session.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior.
A high put/call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value.
In contrast, a low put/call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value.
Unusual volume provides reliable clues that the stock is expected to make a move.
Zynga is currently trading at $9.71, up $0.59 (+6.47%) in yesterday's trading session.
The shares of the stock were trading between $9.01 and $9.90.
Performance indicators show that the stock has gained 5.31% within the last week.
Yesterday's volume of 11,577,914 shares is greater than the average volume of 10,267,600 shares.
The technical momentum Relative Strength Index indicator shows oversold conditions.
ZNGA is trading above the 50 day moving average and higher than the 200 day moving average
Majority of Zynga's IPO underwriters give the stock a "buy"
Firms are bullish as Zynga trades below its $10 IPO price
Median price target is $12;
Zynga shares at $9.58
By Chris Dieterich
OF DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The consensus among investment banks that helped launch Zynga Inc.'s
(ZNGA) initial public offering: buy the stock.
Wednesday marks the first time that analysts at underwriting banks can issue stock recommendations for Zynga, and four out of five were bullish on the San Francisco social game maker.
Goldman Sachs, Morgan Stanley, J.P. Morgan and Barclays Capital each gave Zynga buy-equivalent ratings.
Bank of America Merrill Lynch was more cautious, rating the stock at "neutral."
Unlike last year's high-profile social media stock offerings from LinkedIn Corp.
(LNKD) and Groupon Inc. (GRPN), Zynga slumped in its trading debut.
Shares fell in the first day of trading on Dec. 16, falling 5% from the $10 IPO price.
Zynga's have not resurfaced above $10, and traded as low as $7.97 earlier this month.
Shares declined 1.1% to $9.59 recently.
Analysts premise their bull c ases on Zynga's first-mover advantage in social games, which players can access through platforms like Facebook, or with smart phones and tablets.
On average, Zynga draws in 55 million users each day to titles like "FarmVille" and "Words with Friends," according to Morgan Stanley.
About half a dozen of new games are set for release later this year.
But analysts at Bank of America Merrill Lynch warned that the popularity of social games could plateau.
Zynga's growth of social-game players on Facebook has slowed, and that recent game launches have not "materially" driven higher the number of users, they said.
What's more, Bank of America Merrill Lynch noted the potential for increased stock volatility tied to the expiration of Zynga's lock-up period in June.
The end of the lock-up opens the door for selling by employees and certain investors previously barred from unloading shares.
The investment banks were unanimous in forecasting a rise in Zynga's shares.
Bank of America Merrill Lynch set a $10.50 price target.
Barclays pegged its target at $11.
J.P. Morgan predicted the stock could rise to $12 by the end of this year.
Goldman Sachs said $13.
Morgan Stanley was the most optimistic, and said the stock could rise 46% over the next year at trade at $14.
-By Chris Dieterich, Dow Jones Newswires; 212-416-2611; christopher.dieterich@dowjones.com;
(END) Dow Jones Newswires
January 25, 2012 12:26 ET (17:26 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.- - 12 26 PM EST 01-25-12
Zynga Confirms It Is Seeking Partners for Online Gambling Initiatives
JANUARY 20, 2012 AT 6:00 AM PT
Zynga is getting ready to try its hand at online gambling.
http://allthingsd.com/20120120/zynga-confirms-it-is-seeking-partners-for-online-gambling-initiatives/
The company has confirmed to All Things D that it is actively investigating several opportunities, and is in talks with several partners about gambling on the Internet.
A Zynga spokesperson provided this statement to AllThingsD:
“We build games and experiences that our players want and love.
Zynga Poker is the world’s largest online poker game with more than 7 million people playing every day and over 30 million each month.
We know from listening to our players that there’s an interest in the real money gambling market.
We’re in active conversations with potential partners to better understand and explore this new opportunity.”
As with any new entrant in the space, Zynga will have to fulfill several requirements, meaning any major rollout is still months away.
The San Francisco-based social games maker will have to wade through a maze of state, national and international regulations.
It will have to secure the correct licenses, and it also needs the right technology to make betting over the Internet secure.
For either of these last two requirements, a partnership or acquisition of an online gambling organization or other technology would make the most sense, instead of starting from scratch.
However, the effort could easily pay off.
Zynga was one of the first online gaming companies on Facebook, and continues to dominate the platform today.
If it is able to get its toe in the door, just as the laws change in the U.S., it could be a leader yet again.
Back in October, Zynga first started showing broad interest in the casino category.
Zynga founder and CEO Mark Pincus announced at a press event that the company was going to launch Zynga Casino, which would serve as a single destination on Facebook to build off its strong brand in poker.
Its first new game, which has not launched yet, will be bingo.
Until now, the company’s efforts have been limited to building social and mobile games that are given away for free and monetized through the sale of virtual goods.
Getting users to make bets and part with real money could prove difficult, even for a company that has so many dedicated fans.
One thing Zynga has going for it is that social games are frequently compared to gambling because of their addictive nature — both lure consumers into spending a few more dollars to continue playing.
The casino genre has also been quietly racking up big numbers on Facebook.
Besides Zynga Poker, which is the most popular poker game on Facebook, and one of the company’s longest standing titles, there are many other sleeping giants.
Sean Ryan, Facebook’s director of game partnerships, has even called them “unbelievable monsters.”
Said Ryan: “It turns out that people are completely okay winning virtual currency that they can never cash out.”
If players actually have the chance to win money, who knows the size of the opportunity?
A Facebook spokesperson said the company does not necessarily see a future for gambling on the social network.
“We don’t have any plans to get into real-money gambling,” she said.
It’s unclear if that eliminates others from experimenting.
In the meantime, it hasn’t stopped game makers from exploring the category or the concept.
Last week, Seattle-based Double Down Interactive, which was named by Facebook as one of the most popular game makers of 2011, was acquired by video poker giant International Game Technology for $500 million.
It has 4.7 million monthly active users playing a variety of games, including blackjack, slots, video poker and roulette.
The deal closely followed Caesars Entertainment’s purchase of Playtika, an Israeli game company known for its Facebook title Slotomania.
Caesars bought the company in two stages, the first of which was rumored to be purchased for up to $90 million.
Caesars, which filed to go public in November, declined to comment because it is currently in its quiet period.
However, some of its plans were revealed in a document filed with the Securities & Exchange Commission.
It said its Caesars and World Series of Poker brands are dedicated to online gaming, and will take advantage of real-money gaming as it becomes legalized.
Right now, Caesars Entertainment offers games “for fun” in jurisdictions where online gambling is not yet legal, but has identified the legalization of online poker in the U.S. as “the largest opportunity in online gaming in the near term.”
Still, the biggest hurdle is the law.
Internationally, several countries have permitted gambling for some time, and those areas represent the most immediate opportunities.
But there are signs of the U.S. beginning to open up, too.
On the day before Christmas, the Department of Justice gave the online gambling community an early present, according to a blog post written by Nelson Rose, a professor and lawyer.
“President Barack Obama’s administration has just declared, perhaps unintentionally, that almost every form of intra-state Internet gambling is legal under federal law, and so may be games played interstate and even internationally,” Rose wrote.
Essentially, what the Justice Department did was to issue a new interpretation of the Wire Act of 1961.
Under the new ruling, it interprets the act as only outlawing bets on sporting events — not all events and contests, according to an article in the San Francisco Chronicle.
With that clarification in place, it will now be up to every state to pass legislation outlining operating procedures.
So far, Nevada and the District of Columbia have moved quickly to enact laws.
To get other state laws passed could be a lengthy process, especially during an election year.
In the meantime, launching games only in Nevada and D.C. doesn’t represent the big opportunity everyone was hoping for.
To be competitive against Caesars and IGT, Zynga may have to partner or acquire companies that already have the licenses in place or the necessary expertise.
Some of the more obvious candidates include Bwin, which operates PartyGaming.com and is traded on the London Stock Exchange; Betfair, and other operators, like Bodog, Bet365 and 888.com.
Many are based in the U.K. and handle a variety of casino games and sporting contests there.
The entrance into a new market, such as gambling, would take substantial resources, and Zynga has them thanks to its public offering.
In December, it raised $1 billion, making it the largest Internet IPO since Google.
So, will Zynga be the next “unbelievable monster?”
Clearly, it is willing to try.
Zynga quiet period ends January 25 1/20/12
Zynga, which is the leading social game developer for Facebook, will see its quiet period end on 1/25/12.
On 12/15/11, the company raised $1 billion by offering 100 million shares at $10.00, at the high end of the range of $8.50 to $10.00.
Morgan Stanley and Goldman, Sachs & Co. acted as lead managers on the deal.
http://www.renaissancecapital.com/ipohome/news/Zynga-quiet-period-ends-January-25-10895.html
Zynga Looks For Partners For Online Gambling Ventures:
AllThingsD (ZNGA)
4 hours 42 minutes ago - Financial News Network Online - News Corner via Comtex
1-20-12-AllThingsD is reporting that Zynga (NASDAQ:ZNGA) is actively pursuing and researching a number of opportunities and is in talks with several partners about gambling on the internet.
Zynga poker has over 30 million users per month.
Zynga Inc. develops, markets, and operates online social games on the Internet, social networking sites, and mobile platforms.
Call Buyers Bet on Double-Digit Territory for Zynga...
By purchasing the calls to open, the buyers are expecting ZNGA to surmount the $10 level
ZNGA's February 10 call was popular in the options pits
Andrea Kramer (akramer@sir-inc.com)
1/18/2012 10:40:27 AM
Despite its post-IPO struggles on the charts, Wall Street rookie Zynga Inc. (ZNGA - 8.94) has been popular among short-term call traders.
During the course of yesterday's session, the social game developer saw around 4,600 calls cross the tape -- about three times its average daily call volume.
For comparison, fewer than 1,300 ZNGA puts changed hands.
http://www.schaeffersresearch.com/marketcenters/optionscenter/content/call+buyers+bet+on+double-digit+territory+for+zynga/default.aspx?ID=109618
Digging deeper into the data, we find that traders showed a fondness for the out-of-the-money February 10 call, which saw more than 1,900 contracts traded.
The majority of the back-month calls crossed at the ask price, and call open interest at the round-number strike muscled higher by more than 1,500 contracts overnight, pointing to buy-to-open activity.
By purchasing the calls to open, the buyers are expecting ZNGA to surmount the $10 level -- a feat not accomplished since its public debut -- before February-dated options expire.
Echoing that trend, ZNGA sports a 10-day call/put volume ratio of 1.92 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX).
In other words, options traders have bought to open almost two ZNGA calls for every put during the past couple of weeks.
Technically speaking, the shares of ZNGA have shed 3% in early trading, steepening their year-to-date slide.
What's more, thanks to yesterday's surge, the February 10 strike is now home to peak call open interest of almost 2,250 contracts.
In the short term, this abundance of bullish bets could translate into an added layer of options-related resistance for ZNGA.
Zynga continues to dominate...
the social gaming space and has made significant inroads in mobile gaming, but its stock performance has failed to impress as it continues to trade below its IPO price.
CastleVille Kicking, Could Take Zynga Back Above $10 IPO Price
Online Gambling Would Be Big Score For Zynga
http://www.forbes.com/sites/greatspeculations/2012/01/18/online-gambling-would-be-big-score-for-zynga/
However, a recently ruling by the Justice Department which enables states to allow online gambling could present a significant opportunity to Zynga to generate billions of dollars in revenue from casino games through online gambling.
The online gambling market could be worth more than $40 billion by 2014, with online poker and casino games accounting for a major portion of the total market.
Zynga hasn’t made any related announcements yet, but expect a significant boost in its stock price, if it announces that it plans to enter the online gambling
Online Gambling and Zynga
WSJ:
The Department of Justice recently came out with a new position on online gambling.
Does that open opportunities for Zynga?
Mr. Pincus:
We're watching it with interest.
Virtual reality is about the connection between the virtual and the real, and there's just such a close and perfect connection between the virtual and the real when you're gambling, because these chips have real world value.
http://online.wsj.com/article/SB10001424052970204409004577158744071030040.html?mod=googlenews_wsj
Highlights on Options & Block Trading Activity for Zynga (ZNGA)
Posted on 01/07/2012 by Peter Mankowitz
(The technical momentum Relative Strength Index indicator shows oversold conditions. )
http://www.avafin.com/articles/1011627.html
NEW YORK (AVAFIN) -- Financial institutions traded 55 block trades on shares of Zynga.
Further analysis into yesterday's trading activity revealed that 1,418,580 shares were bought and 2,258,027 shares were sold.
The bought/sold ratio for shares of ZNGA is 0.63, representing a negative net cash flow of $7,231,839 out of the stock.
On the options side, investors traded a total of 6,343 contracts.
Specifically, 2,259 call and 4,084 put contracts were traded yesterday yielding a 1.81 put/call ratio.
Shares of ZNGA opened yesterday at $8.93 and settled the day down $0.10 to $8.81 during the last trading session.
The day's trading range is between $8.45 and $8.99 respectively.
Within the last quarter, the shares have [GAINED-LOST] of their value.
On the volume side, 8,445,130 shares were traded which is less than the average volume of 14,295,000 shares.
Zynga is trading above the 50 day moving average and higher than the 200 day moving average.
The technical momentum Relative Strength Index indicator shows oversold conditions.
The stock's 52 week low is $8.75 and 52 week high is $11.50.
Morgan Stanley didn’t say how much it paid for the 1.78 million shares it purchased most recently.
By Ari Levy - Jan 6, 2012 7:21 PM CT
Yeah... They`re buying up shares...
http://www.bloomberg.com/news/2012-01-07/morgan-stanley-buys-zynga-shares-boosts-its-stake-in-linkedin-after-ipos.html
Morgan Stanley (MS), the bank that underwrote the initial public offerings of Zynga Inc. and LinkedIn Corp. last year, bought shares of both social-media companies in the fourth quarter.
The New York-based firm now owns 15.7 million Zynga shares and increased its LinkedIn stake by 81 percent to 3.98 million shares, according to separate filings today.
Zynga held its IPO last month, while LinkedIn went public in May.
As part of its underwriting agreements with the companies, Morgan Stanley agreed to buy shares in each of the offerings.
The bank also managed the IPOs of music-streaming service Pandora Media Inc., vacation-rental site HomeAway Inc. and daily-deal provider Groupon Inc.
Morgan Stanley’s stake in Zynga, a social-gaming company, is worth about $138 million based on today’s closing price (ZNGA) of $8.81.
According to the prospectus, Morgan Stanley agreed to buy the stock at the IPO price of $10 a share, so the shares have lost about 12 percent of their value.
Morgan Stanley’s LinkedIn stake is worth $255.5 million.
Morgan Stanley didn’t say how much it paid for the 1.78 million shares it purchased most recently.
LinkedIn (LNKD), the world’s biggest professional-networking website, has gained 43 percent since its IPO in May.
To contact the reporter on this story: Ari Levy in San Francisco at alevy5@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
That should...
shakeout all the stop loss !
I`m not sure but...
Looks like MM with their 100 shares trades doing a shakeout to maybe buy up shares cheap for a big run...
Maybe ... maybe not !
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ZYNGA...Shareholder Value...
It`s getting almost impossible to find a company that cares about shareholder value anymore.
Zynga`s management does seems to care about maximizing shareholder value.
I like no fluff P.R.s, no forward looking statements and the bs letters of intents...
Real news could drive-up the PPS soon .
It remains to be seen......
I`m holding, I want to see a P.R.
Have A Great Trading Day !
S T 1
Recent Price Targets & Rating Changes:
http://localizedusa.com/2011/12/23/weekly-analysts-ratings-changes-for-zynga-inc-znga/
A number of equity research firms have modified their stock ratings and price targets on shares of Zynga Inc. (NASDAQ: ZNGA) in the last week:
Zynga Inc. is now covered by analysts at Sterne Agee. The analysts set an “underperform” rating and a $7.00 price target on the stock.
Zynga Inc. is now covered by analysts at Cowen. The analysts set a “neutral” rating on the stock.
Zynga Inc. is now covered by analysts at BTIG Research. The analysts set a “buy” rating and a $13.00 price target on the stock.
Zynga Inc. is now covered by analysts at BTIG. The analysts set a “buy” rating on the stock.
Zynga Inc. is now covered by analysts at Hudson Square Research. The analysts set a “buy” rating and a $14.00 price target on the stock.
Zynga Inc. is now covered by analysts at Wedbush. The analysts set an “outperform” rating and a $12.50 price target on the stock.
Zynga Inc. is now covered by analysts at Lazard Capital. The analysts set a “buy” rating on the stock.
LOL... Nice Cruise Ship.....
Street Got Zynga IPO Totally Wrong: Top Analyst
http://www.cnbc.com/id/45729955/Street_Got_Zynga_IPO_Totally_Wrong_Top_Analyst
If you think Zynga [ZNGA 9.41 0.04 (+0.43%) ] is going to trade like LinkedIn [LNKD 63.01 -0.62 (-0.97%) ]; that is drop well below its IPO price and stay there, you should keep reading.
Top analyst Michael Pachter, managing director at Wedbush Securities, initiated coverage of the social gaming company with an overweight rating and says to buy the stock.
Although it’s first few days as a publicly traded company were awful, Pachter thinks the Street got the Zynga IPO totally wrong.
“The underwriters let them down.
The deal was led by Internet guys at Goldman and Morgan.
But they don’t get video gaming.
They talked about the wrong metrics, and what Zynga’s competitive position is,” explains Pachter.
As a result the stock couldn’t remain above its IPO price of $10 and in turn, “some of the mutual funds that bought at $10 got spooked when the stock dipped below $10 and puked it out.”
Hence the decline.
(MORE and be sure to watch the video) http://www.cnbc.com/id/45729955/Street_Got_Zynga_IPO_Totally_Wrong_Top_Analyst
As a result, “I think we’re about 6 weeks away from hearing the company had an amazing December quarter. And that’s going to get the stock moving.”
You must not have seen my post 294.....
Reuters) - The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
http://www.reuters.com/article/2011/12/26/us-internet-gambling-idUSTRE7BO0HA20111226
Zynga is a public company with a fiduciary duty to maximize shareholder value; but even more realistically, I'm sure Zynga executives want to get richer.
The question is not why Zynga would consider moving into online gambling; the question is, why would Zynga consider not doing it?
How is Zynga, a social gaming company in the United States, less qualified to enter United States gambling, than say, online gambling companies in Europe?
We're talking about a US customer base.
Who's going to mine that base best for mainstream users: some European poker site you've never heard of, or the #1 social gaming site--who by the way got its start with poker.
http://seekingalpha.com/article/316421-market-fails-to-price-zynga-as-a-gambling-company
Social media giant Facebook is looking at making a foray into the gambling business in 2012.
Everything Facebook does is done on an epic scale.
Any online gaming company that does business in the Facebook space could expect to reap considerable profits.
Whether real gambling would find a market on Facebook isn’t really in doubt.
After all, the most popular social gaming app on the planet is Zynga’s Texas Hold ‘Em with around 30 million players logging in every month.
http://www.casinoaffiliateprograms.com/blog/facebook/
With this new development, competitions are bound to increase, and we might even see a pop in game companies such as Zynga (NASDAQ: ZNGA), which already has one of the largest online poker game communities.
In fact, the micro cap stocks in this sector, such as GigaMedia, jumped almost 25% from $0.8/share to $0.99/share on Tuesday when the market resumed after the holidays.
http://www.benzinga.com/trading-ideas/long-ideas/11/12/2230116/christmas-gift-for-internet-gaming-industry
(Reuters) - The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
http://www.reuters.com/article/2011/12/26/us-internet-gambling-idUSTRE7BO0HA20111226
http://localizedusa.com/2011/12/23/weekly-analysts-ratings-changes-for-zynga-inc-znga/
A number of equity research firms have modified their stock ratings and price targets on shares of Zynga Inc. (NASDAQ: ZNGA) in the last week:
Zynga Inc. is now covered by analysts at Sterne Agee. The analysts set an “underperform” rating and a $7.00 price target on the stock.
Zynga Inc. is now covered by analysts at Cowen. The analysts set a “neutral” rating on the stock.
Zynga Inc. is now covered by analysts at BTIG Research. The analysts set a “buy” rating and a $13.00 price target on the stock.
Zynga Inc. is now covered by analysts at BTIG. The analysts set a “buy” rating on the stock.
Zynga Inc. is now covered by analysts at Hudson Square Research. The analysts set a “buy” rating and a $14.00 price target on the stock.
Zynga Inc. is now covered by analysts at Wedbush. The analysts set an “outperform” rating and a $12.50 price target on the stock.
Zynga Inc. is now covered by analysts at Lazard Capital. The analysts set a “buy” rating on the stock.
Yeah... some players pay to play...
maybe you might want to buy a Mafia Wars account real cheap...
or maybe some loot items from Zynga ....
http://www.mafiawars-maniac.com/mafia-accounts
Model: Mafia Account
Price: $6,500.00 - $5,500.00
Availability: In Stock
33K+ COMBINED FIGHTER (WITH 15K+ HEALTH)
Price: $2,000.00 - $1,250.00
Availability: In Stock
Model: Super Cheap
MARKET TALK: Lazard Capital Sees Zynga Growth Beyond Facebook
1 hours 18 minutes ago - Dow Jones News
6:00 (Dow Jones)
Lazard Capital is the latest to assign a buy rating to Zynga (ZNGA), and slaps a $12 price target on the stock after the social gaming company's Friday IPO.
Firm says that while ZNGA can continue growing its Facebook revenues, tantalizing opportunities also exist with Zynga's own, off-Facebook platform, and with mobile devices.
Interestingly, Lazard Capital sees a big-time opportunity for ZNGA to eventually allow social gamers to play poker with real money, "if and when regulated by US authorities."
So far at least, the real money in the market has gone to the house:
ZNGA down 4.7% to $9.05, a close 9.5% below its IPO price. (christopher.dieterich@dowjones.com)
Call us at (212) 416-2181 or email john.shipman@dowjones.com
(END) Dow Jones Newswires
12-19-11 1800ET
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