Glu Mobile Inc (GLUU) Files Form 4 Insider Selling : Gregory J. Cannon Sells 45,000 Shares

Glu Mobile Inc (GLUU): Gregory J. Cannon , Vice President, Finance and IR of Glu Mobile Inc sold 45,000 shares on Apr 13, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $3.00 per share for a total value of $135,000.00 according the SEC Form 4 Filing.

Currently the company Insiders own 6.8% of Glu Mobile shares according to the proxy statements.Institutional Investors own 37.54% of Glu Mobile shares.

Shares of Glu Mobile (GLUU) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -1.40% at $2.82 with 15,83,197 shares getting traded. Post opening the session at $2.84, the shares hit an intraday low of $2.8 and an intraday high of $2.95 and the price vacillated in this range throughout the day. The company has a market cap of $373 M and the number of outstanding shares has been calculated to be 13,22,02,704 shares. The 52-week high of Glu Mobile is $7.03 and the 52-week low is $1.98.

Glu Mobile Money Flow Index Chart

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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