Zynga Inc (ZNGA)

[Trevor11]

ZNGA: MOVES HIGHER, VOL. SPIKE DEC.01,MARKET,AWARENESS, SETTING UP MORE MEANINGFUL MOVE




...Zynga Inc. saw 18.94 million shares trade hands...

...the stock averages only a daily volume of 9.11 million shares a day over the last month,...

...increase in volume means more market awareness...

...setting up a more meaningful move...





ZYNGA INC. (ZNGA) MOVES HIGHER ON VOLUME SPIKE FOR DECEMBER 01
EQUITIES STAFF | THURSDAY, 01 DECEMBER 2016 17:18 (EST)


MARKET SUMMARY

Zynga Inc. is a Provider of social game services 
 Last Price $ 2.87 	   Last Trade Dec/01 - 16:00  
 Change $ 0.01 	           Change Percent 0.35 %  
 Open $ 2.86 	           Prev Close $ 2.86  
 High $ 2.90 	           low $ 2.77  
 52 Week High $ 3.04 	   52 Week Low $ 1.78  
 Market Cap 2,559,878,528   PE Ratio 1.55  
 Volume 18,944,506 	   Exchange NGS 

ZNGA - Market Data & News

ZNGA - Stock Valuation Report

Zynga Inc. (ZNGA) traded on unusually high volume on Dec. 01, as the stock gained 0.35% to close at $2.87. On the day, Zynga Inc. saw 18.94 million shares trade hands on 32,915 trades. Considering that the stock averages only a daily volume of 9.11 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 $3.04 and $1.78 over the last 52-weeks, its 50-day SMA is now $2.85, and its 200-day SMA $2.63. Zynga Inc. has a P/B ratio of 1.55.
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 1,669 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.


Source:

https://www.equities.com/news/zynga-inc-znga-moves-higher-on-volume-spike-for-december-01