Zynga CEO Mark Pincus is seeing red this morning. His company’s stock has fallen 5.5% today.
If you step back and look at its overall performance, it’s even worse. The company has fallen 45% from its peak and is back to its initial trading price.
Today’s demolition seems to be traced to a note from Evercore Partners, which lowered its price target to $8 from $10.
Here are the ugly charts for Zynga:
Here’s what’s happened in the past 6 months:
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