Zynga (ZNGA) +1.4% premarket after Needham upgrades shares to Hold from Underperform. ZNGA’s...


Zynga (ZNGA) +1.4% premarket after Needham upgrades shares to Hold from Underperform. ZNGA’s fundamental prospects are strong, the firm says, while noting the secondary stock offering and deferral of the IPO lock-up expiration. With the stock down sharply, the firm believes the risk of a surge of insider selling is now reflected in the share price.

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