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Small Cap Zynga on Fire After Key Acquisition

Alan Farley

Small-cap stock Zynga Inc. ( ZNGA) surged to a four-year high last week after the San Francisco-based game maker missed first quarter earnings estimates by a penny and guided second quarter revenues below estimates. Zynga stock roared out of the gate following a 2011 IPO, lifting quickly to an all-time high at $15.91. Farmville's enormous popularity attracted intense buying pressure during the brief uptrend, with speculators betting that the game on the Facebook, Inc. ( FB) platform would mark the birth of an entertainment empire.