Zynga, Inc. (ZNGA) was a big mover last session, as the company saw its shares rise by a little over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.43 to $4.02 in the past one-month time frame.
This online social games developer has seen 8 positive revisions in the past one month. Also, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Zynga. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Zynga currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the gaming industry may also consider stocks like Bally Technologies, Inc. (BYI), Century Casinos Inc. (CNTY) and Wynn Resorts Ltd. (WYNN). All these stocks carry the same Zacks Rank as Zynga.
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