After rocketing higher yesterday (apparently thanks to the $9B valuation given to Twitter by...


After rocketing higher yesterday (apparently thanks to the $9B valuation given to Twitter by BlackRock), Zynga (ZNGA -7.6%) is giving back a big chunk of those gains today. Groupon (GRPN -2.3%) is also retracing its steps a bit. Zynga still has a sizable short interest, but it's well below last summer's peak. The company's Q4 report is due on Feb. 5, and Groupon's on Feb. 27. Facebook reports tomorrow.
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Comments (6)
  • haleiwahu
    , contributor
    Comments (4001) | Send Message
     
    Surprised ZNGA only gave back 7.6% all yesterdays gains were based on "no new news"
    29 Jan 2013, 02:33 PM Reply Like
  • wallstmind
    , contributor
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    why are you surprised dude? It should not have went down at all, after going up on its 3 x usual volume???
    29 Jan 2013, 02:47 PM Reply Like
  • wallstmind
    , contributor
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    Zynga does not have huge short interest.. Only 14.75 m shares.. which is drop in a bucket lol
    29 Jan 2013, 02:36 PM Reply Like
  • wallstmind
    , contributor
    Comments (264) | Send Message
     
    who ever wrote After rocketing higher yesterday (apparently thanks to the $9B valuation given to Twitter by... what twitter's valuation has to do with ZNGA? Zynga is totally different from twitter.. Instututional investors have money.... They always looking to make money )))
    29 Jan 2013, 02:45 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
     
    You may have noticed Zynga, Groupon, and Facebook have a habit of moving in the same direction. They all posted big gains yesterday even though the NASDAQ barely moved. The big valuation given to a peer (Twitter) in a funding round is almost certainly why.

     

    9.3% of Zynga's float was shorted as of Jan. 15. That's well below July's level, but still pretty significant.
    29 Jan 2013, 02:51 PM Reply Like
  • bfespinet
    , contributor
    Comments (12) | Send Message
     
    I believe once Zynga obtains the license to operate real money gambling games in Nevada its share will surge. Eventually all other States will follow in granting licence for this kind of operation. The revenue and profit posibilities are high and Zynga will benefit from it...
    29 Jan 2013, 04:11 PM Reply Like
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