Press coverage about Glu Mobile (NASDAQ:GLUU) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Glu Mobile earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0675264551455 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Glu Mobile Inc. (GLUU) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Glu Mobile Inc. (GLUU): Overbought Stock Of Yesterday – Voice Of Analysts (analystsbuzz.com)
- Glu Mobile Inc. (GLUU) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Buy the position in Technology Stock: Glu Mobile Inc. (GLUU) – Street Observer (press release) (streetobserver.com)
- Glu Mobile Inc. (NASDAQ:GLUU) – Trend-Spotting Tool Analysis – The Investor Guide (wallstreetnews24.com)
Glu Mobile (GLUU) traded up 1.67% on Friday, reaching $3.65. 3,871,174 shares of the company traded hands. The firm has a 50 day moving average of $3.33 and a 200-day moving average of $2.67. Glu Mobile has a one year low of $1.73 and a one year high of $3.83. The stock’s market capitalization is $494.26 million.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Friday. Roth Capital restated a “buy” rating and issued a $4.75 price objective (up previously from $4.00) on shares of Glu Mobile in a research report on Monday, September 18th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Glu Mobile in a research report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Glu Mobile currently has an average rating of “Buy” and a consensus target price of $3.17.
In other Glu Mobile news, COO Eric R. Ludwig sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eric R. Ludwig sold 49,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $3.12, for a total transaction of $152,880.00. Following the sale, the chief operating officer now directly owns 68,250 shares of the company’s stock, valued at approximately $212,940. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
Glu Mobile Company Profile
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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