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) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Zynga fell $0.49 (-14.0%) to $3.01 on heavy volume. Throughout the day, 80,106,799 shares of Zynga exchanged hands as compared to its average daily volume of 22,259,100 shares. The stock ranged in price between $2.85-$3.02 after having opened the day at $2.94 as compared to the previous trading day's close of $3.50. Other companies within the Internet industry that declined today were:
), down 5.3%,
), down 5.1%,
), down 4.0% and
), down 3.4%.
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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 $2.0 billion and is part of the technology sector. Shares are up 39.0% 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
. 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 31.6%,
), up 15.1%,
), up 12.8% and
), up 10.3% , were all gainers within the internet industry with
) being today's featured internet industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
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