Zynga’s Odd Rise in Share Price
November 27, 2012 by Trey ThoelckeThe link seems odd, since Zynga’s games have gone out of favor, even with the huge distribution platform Facebook offers them. New Zynga games are nowhere near as successful as its big hit, Farmville. Zynga also has run through senior management people. And Facebook has received several analysts upgrades that Zynga has not. Investors believe that the market for social-network games has become crowded, and that this is even more true on mobile devices than personal computers.
But Zynga’s shares are off from a 52-week high of almost $16 to $2.40. Investors who enjoy risk might believe that, at its current extremely low valuation, it can drop no further.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.