Zynga Inc. (NASDAQ: ZNGA) shares plummeted lower Friday morning after the company reported worse-than-expected sales results for the second quarter. The company also reported it plans to buy StarLark for $525 million in cash and stock.
Zynga Inc (NASDAQ: ZNGA) recorded a record first half of the year, but the company started to see slight user decline in June and July, Zynga CEO Frank Gibeau said Friday on CNBC's "TechCheck."
One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why a stock is moving.
Gainers
Sphere 3D Corp. (NASDAQ: ANY) shares rose 35.4% to $4.66 in pre-market trading after the company reported an Agreement to acquire exclusive rights for assignment of cryptocurrency mining assets.