Here's Why Zynga Stock Is Soaring
When the product a company is known for is no longer popular, the market is likely going to turn bearish. That's been the situation faced by Zynga Inc (NASDAQ:ZNGA) for quite some time. Known as the "FarmVille" company, Zynga stock has plunged to penny stock levels.
But Zynga is far from over. After a solid first-quarter earnings report, ZNGA stock is up more than 10% on Thursday morning.
The biggest concern for Zynga has been the declining popularity of its social games. In the past, the company relied on its huge presence on.
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When the product a company is known for is no longer popular, the market is likely going to turn bearish. That's been the situation faced by Zynga Inc (NASDAQ:ZNGA) for quite some time. Known as the "FarmVille" company, Zynga stock has plunged to penny stock levels.
But Zynga is far from over. After a solid first-quarter earnings report, ZNGA stock is up more than 10% on Thursday morning.
The biggest concern for Zynga has been the declining popularity of its social games. In the past, the company relied on its huge presence on.
Den vollständigen Artikel lesen ...