11:14 AM Not supposed to happen this way - after making its first prints above $11, Zynga (ZNGA) dives down below its $10 IPO price, hitting $9.76.
11:07 AM Zynga (ZNGA) shares have begun trading. After opening at $11, shares are currently changing hands at $11.04, up 10.4% from the company's $10 IPO price. (more)
10:32 AM Ahead of Zynga's (ZNGA) first post-IPO trades, Cowen's Doug Creutz isstarting coverage with a Neutral. Like Sterne Agee, Creutz is worried about Zynga's slowing growth, and notes its share of daily Facebook gaming users has fallen from 50% to 38%. He also expresses concerns about Zynga's margins and culture, However, Creutz thinks shorting Zynga "could be dangerous," especially given itssmall float. (S-1)
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