Boston, MA 07/03/2013 (wallstreetpr) – Don Mattrick, who served as the President of the interactive entertainment business of Microsoft Corp, left the company on Tuesday and accepted the challenge of taking on the position of the Chief Executive Officer and a Board of Directors member of Zynga Inc. (NASDAQ:ZNGA), an online social game services company, a decision effective from July 8, 2013. The optimism pertaining to the announcement of the appointment of Mr. Mattrick in the interactive entertainment business led the share price of Zynga Inc. (NASDAQ:ZNGA) to higher levels.
Shares of Zynga Inc. (NASDAQ:ZNGA) closed at $3.27 on Tuesday, recording a gain of 6.51 percent. The share price ranged between $3.21 and $3.48 during the day, with a 52-week high of $5.61 and a 52-week low of $2.09 per share.
Zynga Inc. (NASDAQ:ZNGA) recorded very high trading volumes of 98.74 million shares on Tuesday, whereas the average trading volume stands at 20.44 million shares per day. Zynga Inc. (NASDAQ:ZNGA) currently has 794.09 million shares outstanding in the market with a market cap of $2.60 billion and an institutional ownership of 30 percent of the total share capital.
Zynga Inc. (NASDAQ:ZNGA) is primarily engaged in providing social game services to its nearly 240 million active users across the world. The social games company is actively present in 175 countries. The company develops social games that could be effectively played by the users on mobile devices, tablets, laptops and PCs through Facebook and other major social networking sites.
