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TheStreet Open House

5 Stocks With Big Insider Buying

Glu Mobile

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Another name that insiders are jumping into here is Glu Mobile (GLUU), which designs, markets and sells mobile games. Insiders are clearing sniffing out some deep value here since this stock is down by over 40% in the last six months.

Glu Mobile has a market cap of $192.27 million and an enterprise value of $155.32 million. This stock trades at a price-to-sales of 2.89 and it trades at a price-to-book of 3.30. Its estimated growth rate for this year is -87.5%, and for next year it's pegged at -33.3%. This is a cash-rich company, with a total cash position on its balance sheet of $37.05 million and total debt of zero.

A director just bought 68,945 shares, or around $205,000 worth of stock, at $3 per share. This same director also just bought over $1.7 million worth of stock at $2.99 to $3 per share.

From a technical standpoint, GLUU is currently trading above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock has started to find some buying support at around $2.89 to $2.95 in the last few months. As long as those levels hold as support then this stock could be putting in a near-term bottom and preparing to trend much higher.

If you're bullish on GLUU, then you could be a buyer once this stock closes back above its 50-day moving average of $3.20 with volume. Look for volume that's near or above its three-month average action of 1.4 million shares. If we get that move soon, then I would add to any long positions once GLUU takes out its 200-day moving average of $3.73 and some major near-term overhead resistance levels at $3.81 to $3.89 with volume.

A high-volume move above those levels will trigger a big breakout for GLUU. I would simply use a mental stop that's right below $2.89 or even down to $2.55 a share if you want to give it more room.

TheStreet Ratings rates Glu Mobile a D- sell.

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