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Zynga Stock Bullish Momentum With A 2% Rise So Far On Friday

Via News Editorial Team

December 18, 2020

Zynga Stock Bullish Momentum With A 2% Rise So Far On Friday

Shares of Zynga rose 2.55% to $9.85 at 11:49 EST on Friday, after five successive sessions in a row of gains. The Nasdaq Stock Market is sliding 0.26% to $12,731.30, after four sequential sessions in a row of gains. This seems, up until now, a somewhat rough trend exchanging session today.

Zynga's last close was $9.61, 8.53% under its 52-week high of $10.69.

Zynga's Sales

Zynga's sales growth is 56% for the present quarter and 55.1% for the next. The company's growth estimates for the ongoing quarter and the next is 12.5% and 50%, respectively.

Zynga's Revenue

Year-on-year quarterly revenue growth grew by 45.8%, now sitting on 1.76B for the twelve trailing months.

Zynga's Stock Yearly Top and Bottom Value

Zynga's stock is valued at $9.85 at 11:49 EST, under its 52-week high of $10.69 and way above its 52-week low of $5.65.

Zynga's Moving Average

Zynga's value is way higher than its 50-day moving average of $8.59 and higher than its 200-day moving average of $9.14.

Previous days news about Zynga

Zynga stock gains after wells fargo upgrade. According to MarketWatch on Tue Dec 15, "Fitzgerald is upbeat about Zynga's vertically integrated advertising network, its broader portfolio of franchises that will enable the company to allocate advertising spending toward areas with the greatest returns on investment, and an expansion of the business beyond the mobile platform. ", "" We think shares of Zynga present a favorable risk/reward in light of a new, more detailed strategic vision of organic growth, which CEO Gibeau recently articulated," he wrote in a note to clients. "