Somewhat Positive Press Coverage Somewhat Unlikely to Affect Glu Mobile (GLUU) Stock Price
News headlines about Glu Mobile (NASDAQ:GLUU) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Glu Mobile earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.727770130058 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Glu Mobile Inc. (GLUU) – New 52-Week High Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- This Low Float Stock Could Move 300-400% Based on New Social Media Star Endorsement (finance.yahoo.com)
- Insider Selling: Glu Mobile Inc. (GLUU) Director Sells 766,456 Shares of Stock (americanbankingnews.com)
- Glu Mobile Inc. (GLUU) Stock on the Way to New 12-Month High – Wall Street Morning (wallstreetmorning.com)
- Glu Mobile Inc. (GLUU) is at $4.33 per share and Finisar Corporation (FNSR) is listed at $22.16 – Stocks Gallery (stocksgallery.com)
GLUU has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Thursday, August 31st. BidaskClub raised shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Roth Capital reissued a “buy” rating and set a $4.00 target price on shares of Glu Mobile in a research report on Tuesday, September 5th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $3.00 price objective on shares of Glu Mobile in a research report on Friday, June 30th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $3.53.
Shares of Glu Mobile (NASDAQ:GLUU) traded down 5.940% on Wednesday, hitting $4.355. 5,329,773 shares of the stock were exchanged. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $2.89. The firm’s market capitalization is $589.73 million. Glu Mobile has a one year low of $1.73 and a one year high of $4.73.
In other Glu Mobile news, COO Eric R. Ludwig sold 49,000 shares of Glu Mobile stock in a transaction dated 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 sale, the chief operating officer now owns 68,250 shares in the company, valued at approximately $212,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eric R. Ludwig sold 25,000 shares of Glu Mobile stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $3.43, for a total transaction of $85,750.00. Following the completion of the sale, the chief operating officer now owns 82,000 shares of the company’s stock, valued at approximately $281,260. The disclosure for this sale can be found here. Insiders have sold a total of 1,100,456 shares of company stock valued at $4,657,547 in the last ninety days. 5.60% of the stock is currently owned by insiders.
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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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