Movers roundup: Netflix, Glu Mobile

Movers roundup: Netflix shares jump on analyst note; Glu Mobile shares rise on deal

Associated Press

Among the stock activity stories for Monday, Oct. 8, from AP Business News:

— Netflix Inc.'s stock surged 10.5 percent after an analyst sought to ease investor fears that the online subscription service will face intensifying completion from Amazon.com.

— Shares of Glu Mobile Inc. got a boost after the mobile game developer said it signed a gambling deal with Probability PLC.

— Shares of chip-maker Intersil Corp. fell after a JPMorgan analyst downgraded the stock, saying the company is losing market share and the PC market remains weak.

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