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CNBC: Zynga stock a 'Buy' now that Mattrick in as CEO

Erik Johnson
CNBC: Zynga stock a 'Buy' now that Mattrick in as CEO

Don Mattrick’s move from Microsoft to Zynga has been widely criticized as jumping from one sinking ship to another, but some in the money matters business think the hiring could prove a major factor in reversing the direction of the social game company’s stock.

Kotaku reports on several personalities from the CNBC network endorsing the hire as the right move for a company that has been stumbling ever since it went public at $10 per share – a figure that plummeted down to $2.22 late last year.

Stock market prophet Jim Cramer in particular implied that Mattrick can help navigate Zynga through the mess it finds itself in and get the firm back to a profitable status.

It’s early yet, but some investors have clearly been swayed by the addition. Zynga’s stock has been on the rise since the announcement, currently up to $3.45 at time of writing.

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Tags: Microsoft , stock market , zynga , MCV USA , CNBC

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