Glu Mobile (GLUU) Shares Slide -8.59%

Glu Mobile (GLUU) has risen sharply, recording gains of 3.08% in the past 4 weeks. However, the stock has corrected -8.59% in the past 1 week, providing a good buying opportunity on dips. Glu Mobile (GLUU) : During the past 4 weeks, traders have been relatively bearish on Glu Mobile (GLUU), hence the stock is down -0.27% 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 -8.53% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 4.45% and the 50-Day Moving Average is 1.85%. Glu Mobile, Inc. has dropped 12.36% during the last 3-month period . Year-to-Date the stock performance stands at -3.7%.


Glu Mobile (NASDAQ:GLUU): On Fridays trading session , Opening price of the stock was $2.32 with an intraday high of $2.38. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.31. However, the stock managed to close at $2.34, a loss of 0.43% for the day. On the previous day, the stock had closed at $2.35. The total traded volume of the day was 1,232,859 shares.

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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