Glu Mobile (GLUU) Shares are Up 0.9%

Glu Mobile (GLUU) has been under a strong bear grip, hence the stock is down -2.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.73% in the past 1 week. The stock has risen by 0.9% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.45% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 1.63%.The 200 Day SMA reached 12.73%

Glu

Glu Mobile (NASDAQ:GLUU): After opening at $2.18, the stock dipped to an intraday low of $2.16 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.25 and the buying power remained strong till the end. The stock closed at $2.24 for the day, a gain of 2.75% for the day session. The total traded volume was 911,908. The stocks close on the previous trading day was $2.24.

Glu Mobile (GLUU) : The most positive equity analysts on Glu Mobile (GLUU) expects the shares to touch $4, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $3.1 with an expected fluctuation of $0.74 from the mean.

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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