Glu Mobile (GLUU) Shares are Down -0.85%

Glu Mobile (GLUU) has risen sharply, recording gains of 4.04% in the past 4 weeks. However, the stock has corrected -0.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 0.62%.The 200 Day SMA reached 12.56%. Glu Mobile, Inc. has dropped 0.85% during the last 3-month period . Year-to-Date the stock performance stands at -4.53%.


Glu Mobile (NASDAQ:GLUU): After opening at $2.3, the stock dipped to an intraday low of $2.29 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.34 and the buying power remained strong till the end. The stock closed at $2.32 for the day, a gain of 0.87% for the day session. The total traded volume was 938,857. The stocks close on the previous trading day was $2.3.

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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