Games developer Zynga has been facing only the optimistic stock prices although involvement of volatility. Since May 1 NASDAQ: ZNGA has gained 13.44% while on days 7 and 13 it lost a significant percentage. Then May 15 trades caused uptrend with a steep change in price. $8.38 is a high price since 2015. Could 2020 bring the triumph of 2012 when Zynga’s stock had $14.69? Time will show. Mobile gaming has become more popular due to Android and iOS devices development. There is a big room for Zynga to develop even thousands of games to increase the revenue and raise funds from stock issuing.
Zynga is still in a stage of the cash-burn strategy of fueling its operations financially. Internal funding is far away to see in the future. Meanwhile, its stock is very popular because the virtual world could become a vital part of any individual’s life.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life