Zynga Inc (ZNGA)

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Small-cap stock Zynga Inc. (ZNGA
ZNGA
Zynga Inc
4.43
+0.45%

) surged to a four-year high last week after the San Francisco-based game maker missed first quarter earnings estimates by a penny and guided second quarter revenues below estimates. The initial sell-the-news reaction ended after the company announced a $200-million share repurchase program and acquisition of privately held Gram Games for $250 million in cash and performance incentives.

Read more: Small Cap Zynga on Fire After Key Acquisition | Investopedia https://www.investopedia.com/news/small-cap-zynga-fire-after-key-acquisition/#ixzz5Hb8bZDkf
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