Heavy Early Morning Activity On Zynga (ZNGA)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Zynga ( ZNGA) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Zynga as such a stock due to the following factors:

  • ZNGA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $56.3 million.
  • ZNGA traded 3.7 million shares today in the pre-market hours as of 8:55 AM, representing 18% of its average daily volume.

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More details on ZNGA:

Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. Currently there are 2 analysts that rate Zynga a buy, 2 analysts rate it a sell, and 14 rate it a hold.

The average volume for Zynga has been 25.6 million shares per day over the past 30 days. Zynga has a market cap of $2.2 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 2.74 and a short float of 8.1% with 2.29 days to cover. Shares are down 20% year-to-date as of the close of trading on Tuesday.

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