Yahoo Finance Zynga (ZNGA) Looks Good: Stock Adds 5.6% in Session
Zynga Inc. ZNGA was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 33.2% in the past one-month time frame.
The stock gained after the company reported that it has entered into a definitive deal to purchase the leading mobile gaming company, Peak, for $1.8 billion.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Zynga. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Zynga currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Zynga Inc. Price
Zynga Inc. price | Zynga Inc. Quote
Investors interested in the Gaming industry may consider a better-ranked stock like Super League Gaming, Inc. SLGG, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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