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Zynga share price falls on its 1st trading day
The Mountain View firm's stock was priced at $45 per share, but briefly shot to a first-day high of $122.70 per share before closing at $94.25. On Friday, LinkedIn stock closed at $65.84 per share. Menlow, whose company had expected Zynga's stock to Shares of Zynga Inc. will start trading on the Nasdaq exchange on Friday. The social-game developer priced its initial public offering at $10 a share Thursday, at the high end of the expected range. It's the latest in a series of high-profile Zynga stock finally roared out of the gate and on to the trading floor yesterday at $10 a share, but investors weren't hugely impressed with the social gaming company. The stock started up a dollar at $11, and then dropped also if a money-maker, it could validate the … Read entire article »
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