Zynga Shares Continue Downward Spiral

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Zynga (NASDAQ:ZNGA) appears to be an IPO in trouble after it experiences another bad day following its under $10 close on Friday. Analysts are cautious: Cowen goes with Neutral, Sterne Agee starts at Underperform with a goal of $7 and Morningstar says the stock’s fair value is around $6.

Here’s how other hot IPO stocks are trading on Zynga’s decline:

Zynga, Inc. (NASDAQ:ZNGA): ZNGA shares recently traded at $8.99, down $0.51, or 5.37%. They have traded in a 52-week range of $9.00 to $11.50. Volume today was 14,867,112 shares versus a 3-month average volume of 116,817,000 shares. The company’s trailing P/E is 138.31, while trailing earnings are $0.07 per share. Get the most recent company news and stock data here >>

Groupon Inc (NASDAQ:GRPN): GRPN shares recently traded at $22.24, down $0.8, or 3.47%. They have traded in a 52-week range of $14.85 to $31.14. Volume today was 880,287 shares versus a 3-month average volume of 4,678,490 shares. The company’s trailing earnings are $-2.17 per share. Get the most recent company news and stock data here >>

Linkedin Corporation (NYSE:LNKD): LNKD shares recently traded at $65.24, down $0.6, or 0.91%. They have traded in a 52-week range of $55.98 to $122.70. Volume today was 408,023 shares versus a 3-month average volume of 1,391,940 shares. The company’s trailing P/E is 893.70, while trailing earnings are $0.07 per share. Get the most recent company news and stock data here >>

Angie’s List Inc (NASDAQ:ANGI): ANGI shares recently traded at $15.76, up $0.03, or 0.19%. They have traded in a 52-week range of $10.77 to $18.75. Volume today was 76,353 shares versus a 3-month average volume of 844,257 shares. The company’s trailing earnings are $-0.88 per share. Get the most recent company news and stock data here >>

Pandora Media Inc (NYSE:P): P shares recently traded at $10.00, down $0.55, or 5.21%. They have traded in a 52-week range of $9.15 to $26.00. Volume today was 2,596,664 shares versus a 3-month average volume of 934,566 shares. The company’s trailing earnings are $-0.22 per share. Get the most recent company news and stock data here >>

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