BRUTAL! Zynga's Share Price Just Hit $8

Shares of Zynga just hit $8, meaning the stock is down about 20 per cent from its IPO price of $10. It’s down more than 8 per cent for the day and has been hovering around $8.10 for most of the day.

Zynga made its trading debut on public markets at $11, but has since fallen well below its IPO price.

Zynga fell to a new low of $8.45 after it received a “neutral” rating from Macquarie on Friday. It made a late run that day to close at $8.81.

zynga stock $8

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at