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Today's Research Reports on Trending Tickers: Glu Mobile and Zynga

NEW YORK, NY / ACCESSWIRE / May 4, 2018 / U.S. markets were mixed Thursday as investors appear to be awaiting monthly jobs data due to be released on Friday. The Dow Jones Industrial Average gained 0.02 percent to close at 23,930.15, while the S&P 500 Index declined 0.23 percent to close at 2,629.73. The Nasdaq Composite Index fell 0.18 percent to close at 7,088.15.

"The primary thing missing from the market right now is something to spur us higher. There's no great catalyst, and if strong earnings reports aren't enough to do it, what would be? That’s why everyone is closer to the sell button than the buy button," said JJ Kinahan, chief strategist at TD Ameritrade, according to MarketWatch.

RDI Initiates Coverage on:

Glu Mobile Inc.
https://rdinvesting.com/news/?ticker=GLUU

Zynga Inc.
https://rdinvesting.com/news/?ticker=ZNGA

Glu Mobile's stock jumped 5.27% Thursday, to close the day at $4.99. The stock recorded a trading volume of 7,692,369 shares, which was above its three months average volume of 1,914,638 shares. In the last year, Glu Mobile's shares have traded in a range of 2.42 - 5.02. The share price has gained 106.20% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.01 is above its 200-day moving average of $3.93. Shares of Glu Mobile have gained roughly 35.6 percent in the past month and are up 37.09 percent year-to-date.

Access RDI's Glu Mobile Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GLUU

On Thursday, shares of Zynga recorded a trading volume of 23,106,800 shares, which was above the three months average volume of 11,318,695 shares. The stock ended the day 0% flat at $3.64. The share price has fallen 16.13% from its 52 week high with a 52 week trading range of 2.96 - 4.34. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.61 is below its 200-day moving average of $3.75. Shares of the company are trading at a Price to Earnings ratio of 121.33. Shares of Zynga have gained roughly 5.51 percent in the past month and are down 9 percent year-to-date.

Access RDI's Zynga Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZNGA

Our Actionable Research on Glu Mobile Inc. (NASDAQ:GLUU) and Zynga Inc. (NASDAQ:ZNGA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com