Glu Mobile (GLUU) Shares are Down -3.14%

Glu Mobile (GLUU) : During the past 4 weeks, traders have been relatively bearish on Glu Mobile (GLUU), hence the stock is down -16.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.19% relative to the S&P 500. The 4-week change in the price of the stock is -15.63% and the stock has fallen -3.14% in the past 1 week.

The stock has recorded a 20-day Moving Average of 9.83% and the 50-Day Moving Average is 8.03%. Glu Mobile (NASDAQ:GLUU): On Fridays trading session , Opening price of the stock was $2.16 with an intraday high of $2.1798. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.14. However, the stock managed to close at $2.16, a loss of 0.46% for the day. On the previous day, the stock had closed at $2.17. The total traded volume of the day was 1,050,112 shares.


The company Insiders own 4.8% of Glu Mobile shares according to the proxy statements. Institutional Investors own 33.91% of Glu Mobile shares. Also, In a research note released to the investors, Northland Securities downgrades its rating on Glu Mobile (NASDAQ:GLUU).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 3, 2016.

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.

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