Zynga’s Game Is On

Zynga's first quarter as a public company was surprisingly strong

   

Zynga’s (NASDAQ:ZNGA) IPO in mid-December looked like a big dud. The stock immediately plunged from $10 to $8 within a few weeks. But so far this year, Zynga has been a good game for investors. The stock hit $14.33 in today’s trading

One reason for the mega-spike was speculation Zynga might move into online gambling (although, it looks like that will take quite awhile). There was also some excitement from a deal with Hasbro (NYSE:HAS). And of course, the  Facebook IPO was a big factor.