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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