Zynga's Stock Drops High Volume (ZNGA, LVLT)

Los Angelas, CA -- (SBWIRE) -- 02/13/2013 -- Zynga Inc Class A (NASDAQ:ZNGA) is trading at unusually high volume Tuesday with 46.4 million shares changing hands. It is currently at two times its average daily volume and trading down 22 cents (-5.9%) at $3.46 as of 11:51 a.m. ET.

Zynga Inc Class A has a market cap of $2 billion and is part of the technology sector and internet industry. Shares are up 45.3% year to date as of the close of trading on Monday.

Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms. The company has a P/E ratio of 49, above the S&P 500 P/E ratio of 17.7.

Should ZNGA a Buy or Sell Now? Find Out Here

Level 3 Communications Inc. (NYSE:LVLT) reported that its fourth-quarter net loss narrowed to $56 million or $0.26 per share, from $163 million or $0.80 per share in the year ago quarter.

The net loss for the fourth quarter 2012 was $0.16 per share, excluding a loss on the extinguishment of debt of $0.23 per share and a benefit from special items recognized in the fourth quarter 2012 of $0.13 per share. Analysts polled by Thomson Reuters expected the company to report a loss of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Can LVLT Rebound After The Recent Slump and Investors Can Make Money? Find Out Here

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