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Like Glu Mobile (GLUU), Zynga (ZNGA) fell following strong Q2 results. The mobile gaming sector was hot during the quarter due to the stay-at-home economy, but investors weren't fond of the stocks as both hit strong resistance recently. After this dip, my bullish investment thesis holds, with the stock nearly $1.50 below the recent highs and record results expected going forward.
Image Source: Zynga website
No Justification For Dip
After another blowout quarter, Zynga has fallen for no real justified reason. The company is reporting record bookings and expects the addition of Peak to