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Glu Mobile (GLUU) Looks Good: Stock Adds 9.1% in Session

Zacks Equity Research

Glu Mobile Inc. GLUU was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.75 to $5.50 in the past one-month time frame.

The upmove came after news that the company will join the S&P SmallCap 600 replacing SolarEdge Technologies.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Glu Mobile currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Glu Mobile Inc. Price

Glu Mobile Inc. Price

Glu Mobile Inc. price | Glu Mobile Inc. Quote

Investors interested in the Toys - Games - Hobbies industry may consider Hasbro, Inc. HAS, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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