Glu Mobile Inc (GLUU) Files Form 4 Insider Selling : Gregory J. Cannon Sells 6,021 Shares

Glu Mobile Inc (GLUU): Gregory J. Cannon , Vice President, Finance and IR of Glu Mobile Inc sold 6,021 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $2.44 per share for a total value of $14,691.24 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Scott Leichtner (VP and General Counsel) sold 1,250 shares at $2.82 per share price.On Apr 14, 2016, Gregory J. Cannon (Vice President, Finance and IR) sold 45,000 shares at $3.00 per share price.Also, On Nov 18, 2015, William J Miller (director) sold 25,000 shares at $3.12 per share price.On Jun 1, 2015, Masi Niccolo De (President and CEO) sold 457,408 shares at $6.44 per share price.

Glu Mobile: On Thursday, May 19, 2016 heightened volatility was witnessed in Glu Mobile which led to swings in the share price. The shares opened for trading at $2.45 and hit $2.53 on the upside , eventually ending the session at $2.48, with a gain of 5.98% or 0.14 points. The heightened volatility saw the trading volume jump to 28,39,595 shares. The 52-week high of the share price is $6.77 and the company has a market cap of $328 M . The 52-week low of the share price is at $1.98.

Glu Mobile Money Flow Index Chart

Company has been under the radar of several Street Analysts.Glu Mobile is Downgraded by ROTH Capital to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 4, 2016.Glu Mobile is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 2.65 from a previous price target of $3.30 . The Rating was issued on May 4, 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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