Why Zynga Stock Gained 19.6% in December
Shares of Zynga (NASDAQ: ZNGA) bounced 19.6% higher in December, according to data provided by S&P Global Market Intelligence. The move capped off a year that saw its stock rise over 50% as mobile gaming's popularity surged through the COVID-19 pandemic and lockdown orders.
Zynga became the biggest mobile gaming company in the U.S. in August, dethroning Activision Blizzard after it acquired another mobile gaming specialist, Peak, for $1.8 billion. It followed that up with the takeover of Rollic in October.
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Source Fool.com
