Glu Mobile (GLUU) Earning Somewhat Positive Media Coverage, Study Shows
News coverage about Glu Mobile (NASDAQ:GLUU) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Glu Mobile earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.2290558561921 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Cash is king, and here is how you can access it fast to grow your game (pocketgamer.biz)
- Race To $4: Zynga Vs. Glu Mobile – Seeking Alpha (seekingalpha.com)
- Big Investors Want Directors to Stop Sitting On So Many Boards (foxbusiness.com)
- Analysts’ Activity to Watch: Glu Mobile Inc (GLUU) – ExpertGazette (expertgazette.com)
- Glu Mobile Inc. (GLUU) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Shares of Glu Mobile (GLUU) traded up 1.90% during midday trading on Friday, reaching $3.76. The company’s stock had a trading volume of 2,600,534 shares. Glu Mobile has a 12 month low of $1.73 and a 12 month high of $3.83. The company has a 50-day moving average price of $3.33 and a 200-day moving average price of $2.67. The firm’s market cap is $509.16 million.
GLUU has been the subject of a number of recent analyst reports. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Monday, August 7th. Roth Capital set a $4.00 target price on Glu Mobile and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $2.80 target price on shares of Glu Mobile in a research report on Monday, July 10th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Glu Mobile has a consensus rating of “Buy” and a consensus price target of $3.17.
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In other Glu Mobile news, COO Eric R. Ludwig sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $3.43, for a total value of $85,750.00. Following the completion of the transaction, the chief operating officer now directly owns 82,000 shares in the company, valued at $281,260. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Eric R. Ludwig sold 49,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $3.12, for a total value of $152,880.00. Following the completion of the transaction, the chief operating officer now owns 68,250 shares of the company’s stock, valued at $212,940. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.
About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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