Zynga Posting Strong Gain After Raising Q4 Guidance

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(RTTNews.com) - Shares of Zynga Inc. ( ZNGA ) have shown a strong move to the upside during trading on Friday, rebounding after falling sharply in the previous session. After tumbling by 2.7 percent on Thursday, Zynga is currently up by 2.4 percent.

The rebound by Zynga comes after the social game developer raised its fourth quarter guidance based on the strong performance of holiday bold beats across its live service portfolio

Zynga also announced an agreement to acquire a majority stake in Helsinki-based mobile game studio Small Giant Games.

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