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ZNGA stock


Empires & Allies is a Facebook game created by Zynga.  The game was released on June 1, 2001.  Yesterday (Feb. 1, 2012) marked its 8-month anniversary.

It's interesting to compare the popularity of Zynga's games with the stock performance of Zynga itself.  The company is listed on Nasdaq as ZNGA.  The stock IPO'd on December 16, 2011 at a price of $10.00, but closed that day at $9.50.  ZNGA's performance has been mostly lackluster since then.

However, ZNGA was up as high as ~20% today (so far at ~11:30am EST) from yesterday, giving it a market capitalization of over $8 billion.  Financial news attribute this surge to a "halo effect" due to the $5 billion IPO filing by Facebook yesterday.  Facebook is expected to IPO later in 2012; the expected stock symbol is FB.

Here is ZNGA's stock chart since its IPO:



Here is ZNGA's stock chart for the last 5 trading days:



See the following links to follow ZNGA's stock performance:

http://www.google.com/finance?q=znga
http://finance.yahoo.com/q?s=znga&ql=1


1 comment:

  1. On Feb. 2, 2012, ZNGA closed at $12.39. That's +16.9% from the previous close of $10.60. The stock popped again today, closing at $13.39 (+8.1%).

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