Zynga stock dips as company debuts second post-IPO game
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.