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52wk high: | 11.50 | |||||||
52wk low: | 9.00 | |||||||
EPS: | N/A | |||||||
PE: | N/A | |||||||
Div Rate: | N/A | |||||||
Yield: | N/A | |||||||
Market Cap: | N/A | |||||||
Volume: | 18.39 M |
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2:56 PM Zynga (ZNGA -5.7%) is just the latest in a string of tech IPOs totrade below their offering prices. Erick Schonfeld thinks this trend is the result of tech companies going public at a later stage of development, which has led to higher IPO-day market caps. Thus, unlike Microsoft, Cisco, or Amazon, much of the long-term value in Groupon, Zynga, and Facebook has been captured in advance by private investors.
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10:59 AM Zynga (ZNGA -5.3%) looks like an IPO in trouble after a second down day following its sub-$10 close on Friday. Analysts proceed cautiously: Cowen picks up coverage at Neutral, Sterne Agee starts at Underperform with a $7 target, and Morningstar says fair value on the stock is ~$6. Other social media shares may be feeling the heat: GRPN -3.1%, LNKD -0.6%,SINA -3.6%.
If Zynga's Stocks Continue To Fall We (The Loyal Players Of Zynga Games) May Soon Need To Start Our 'Save Zynga Charity'. If You Want To Help Out You Can Volunteer Your Time By Playing Any Zynga Game Or You Can Send A Donation To
We Told You So
123 Why HWY
Still Broken, ZA 00001-9999
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