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Zynga (ZNGA) in Focus: Stock Moves 10.9% Higher in Session

Zacks Equity Research

Zynga, Inc. (ZNGA) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.27 to $2.56 in the past one-month time frame.

None of the estimates for this gaming industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Zynga has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

However, some better-ranked stocks in the same industry include Monarch Casino & Resort Inc. (MCRI) and Penn National Gaming Inc. (PENN), carrying a Zacks Rank #2 (Buy). One other stock worth considering in the wider consumer discretionary sector is Activision Blizzard, Inc. (ATVI), also with a Zacks Rank #2.

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ZYNGA CL A (ZNGA): Free Stock Analysis Report

MONARCH CASINO & RESORT INC (MCRI): Free Stock Analysis Report

PENN NATL GAMING INC (PENN): Free Stock Analysis Report

ACTIVISION BLIZZARD INC (ATVI): Free Stock Analysis Report


Zacks Investment Research