Zynga Inc Class A (ZNGA): Today's Featured Technology Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Zynga Inc Class A ( ZNGA) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Zynga Inc Class A fell 9 cents (-2.4%) to $3.64 on average volume. Throughout the day, 29.5 million shares of Zynga Inc Class A exchanged hands as compared to its average daily volume of 33.2 million shares. The stock ranged in price between $3.57-$3.73 after having opened the day at $3.73 as compared to the previous trading day's close of $3.73. Other companies within the Technology sector that declined today were: Suntech Power Holdings ( STP), down 23.9%, Sigmatron International ( SGMA), down 23.4%, Velti ( VELT), down 22.8%, and Majesco Entertainment Company ( COOL), down 15.3%.
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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 Inc Class A has a market cap of $2.35 billion and is part of the internet industry. Shares are up 58.1% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Zynga Inc Class A a buy, one analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Zynga Inc Class A as a sell. 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.

On the positive front, Superconductor Technologies ( SCON), up 70.4%, MakeMusic ( MMUS), up 31.1%, Spire Corporation ( SPIR), up 15.9%, and Remark Media ( MARK), up 13.6%, were all gainers within the technology sector with Taiwan Semiconductor Manufacturing ( TSM) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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