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Zynga Shares Shoot Up Another 5 Percent Monday Morning

Written by:

Aaron Goldstein

Published on:

Feb/11/2013

Zynga Shares Shoot Up Another 5 Percent Monday Morning

Zynga shares rose for a 5^th straight session Monday in the wake of positive financial numbers and news that New Jersey Governor Chris Christie is willing to sign a bill into law this spring allowing Web gambling within that state’s borders.

Zynga’s stock has been bouncing back because of a short squeeze.

The stock was up over 12 percent by Friday’s closing bell.

The world’s largest free-to-play online poker company announced its intention to offer “real money” gambling by the first part of this year. It has since partnered with an existing software provider.

- Aaron Goldstein, Gambling911.com

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