Zynga Extending Bearish Trend, Down 8%

The shares of Zynga ZNGA are under pressure this morning despite Morgan Stanley disclosing a 16% stake in the company. The creator of Farmville and other popular online games went public nearly a month ago, but the investors have not been as excited about the shares of the company as the games that Zynga makes. As a result, the stock is down almost 30 percent from the IPO day high of $1.50 per share. Zynga is currently trading at $8.11, down $0.70 or 7.97%.