Zynga Inc (ZNGA): Today's Featured Internet Laggard
(
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 3.7%. By the end of trading, Zynga fell $0.04 (-1.1%) to $3.50 on average volume. Throughout the day, 29,911,228 shares of Zynga exchanged hands as compared to its average daily volume of 24,022,800 shares. The stock ranged in price between $3.45-$3.64 after having opened the day at $3.56 as compared to the previous trading day's close of $3.54. Other companies within the Internet industry that declined today were:
(
), down 6.7%,
(
), down 6.4%,
(
), down 4.1% and
(
), down 3.4%.
Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms in the United States and internationally. Zynga has a market cap of $2.1 billion and is part of the technology sector. Shares are up 43.6% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Zynga a buy, 3 analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
Zynga
as a
. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full Zynga Ratings Report.
On the positive front,
(
), up 277.8%,
(
), up 5.2%,
(
), up 3.9% and
Professional Diversity Network
(
), up 3.0% , were all gainers within the internet industry with
(
) being today's featured internet industry leader.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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