/// Zynga’s Stock Drops Nearly 12 Percent as Investors Cash Out
Zynga’s stock lost some of its gains in the New Year today, sliding nearly 12 percent, or 43 cents, to $3.24 a share. There didn’t appear to be any specific reason for the drop, other than investors were taking advantage of the recent run-up to sell the stock (trading volume was three times higher than normal). The game company’s COO David Ko and CFO Mark Vranesh appeared at the Goldman Sachs Technology and Internet Conference this afternoon, where they mostly reiterated the company’s fourth-quarter results .
Zynga’s Stock Drops Nearly 12 Percent as Investors Cash Out