Zynga: Literally In ‘tears’

Zynga (NASDAQ: ZNGA) has been witnessing a downfall ever since the announcement of a bleak second quarter earnings report. During second quarter, Zynga posted a revenue decline of 31% Y/Y along with a loss of $16MM. To add to the woe, Business Insider magazine broke the news that several Zynga insiders, including the CEO, cashed out just before the stock crashed. Several federal investigations into insider trading that are currently going on makes the stock least attractive.

To see Zynga’s latest stock price movement, click here (NASDAQ: ZNGA)

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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