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Zynga stock dips as company debuts second post-IPO game

Zynga stock dips as company debuts second post-IPO game

January 5, 2012 | By Tom Curtis




Newsbrief: Shares for social gaming giant Zynga dipped today after the debut of Scramble With Friends, the company's first mobile title since going public last month.

Shares closed today at $8.91 per share, down 3 percent from yesterday's close of $9.19. Shares were traded for as little as $8.82 during the day, nearing its all time low of $8.75.

Just yesterday, the company debuted Hidden Chronicles, a new Facebook-based "hidden object" title. With two new releases arriving just this week, the company's sudden drop on the NASDAQ was a bit unexpected.

Zynga officially went public in mid-December, and despite a rough debut, has thus far seen fairly consistent performance on the stock market.


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