Glu Mobile Inc. (NASDAQ:GLUU) Traded Significantly Above Its 50 Day Average

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Company shares last traded at $3.27 impressively higher than $2.81, the 50 day moving average and significantly above the 200 day moving average of $2.47. The 50 day moving average was up $0.46 or +16.48% and the 200 day average went up $0.80 or +32.61%. (NASDAQ:GLUU) shares saw light trading volume with 3,067K shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 37.85% under the normal average daily volume.

Here is the rundown on market activity for Glu Mobile Inc. (NASDAQ:GLUU). Masi Niccolo De, Executive Chairman disclosed the sale of 339,648 shares of GLUU stock. The shares were sold on June 8th for an average price of $2.59. De now owns $1,391,421 of the stock per the Form 4 SEC filing. Ann Mather, Director reported the sale of 25,000 shares. The shares were purchased at an average price of $2.62. The Director now owns $75,105 of the stock according to the SEC filing.

Here are a few other firms who have also updated their positions. Susquehanna International Group, Llp bolstered its investment by buying 209,500 shares an increase of 257.7% in the quarter. Susquehanna International Group, Llp now controls 290,800 shares valued at $727,000. The total value of its holdings increased 293.0%. As of quarter end Manufacturers Life Insurance Company, The had sold a total of 36,592 shares trimming its stake by 82.8%. The value of the investment in GLUU decreased from $100,000 to $19,000 a change of $81,000 quarter over quarter.

As of the end of the quarter Renaissance Technologies LLC had acquired 3,158,800 shares growing its position 817.9%. The value in dollars went from $877,000 to $8,863,000 increasing 910.6% for the reporting period. As of the end of the quarter Menta Capital LLC had sold 402,374 shares trimming its holdings by 27.2%. The value of the company’s investment in Glu Mobile Inc. decreased from $3,359,000 to $2,693,000 a change of 19.8% quarter to quarter.

The company is trading up by 2.19% since yesterday’s close of $3.2. In the latest earnings report the EPS was $-0.80 and is estimated to be $-0.09 for the current year with 135,414,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.01 and the next full year EPS is projected to be $0.07.

Glu Mobile Inc., launched on November 16, 2006, 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. Its portfolio of games include Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals and Tap Sports Baseball, as well as games based on third party licensed brands, including Gordon Ramsay DASH, Kendall & Kylie, and Kim Kardashian: Hollywood..