Glu Mobile (NASDAQ:GLUU) : Traders are bullish on Glu Mobile (NASDAQ:GLUU) as it has outperformed the S&P 500 by a wide margin of 2.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.52% in the last 1 week, and is up 3.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -61.97% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $6.49 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $2.32 and the 200 Day Moving Average price is recorded at $2.66.
The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 0.62%.
Glu Mobile (NASDAQ:GLUU): stock turned positive on Friday. Though the stock opened at $2.3, the bulls momentum made the stock top out at $2.36 level for the day. The stock recorded a low of $2.29 and closed the trading day at $2.35, in the green by 2.17%. The total traded volume for the day was 1,124,704. The stock had closed at $2.3 in the previous days trading.
In an insider trading activity,The director of Glu Mobile Inc, Mather Ann sold 25,000 shares at $2.36 on June 2, 2016. The Insider selling transaction had a total value worth of $59,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Glu Mobile Inc. develops, publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store and Amazon Appstore, among others. The Company creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands, including Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game, as well as its own branded games that incorporate third-party licensed brands, properties and other content, such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.