Director Lorne Abony disclosed the purchase of 50,000 shares of the mobile game publisher on Thursday, Dec. 4 at $3.52 a share. Abony also purchased 224,050 shares of Glu Mobile for $3.70 a share on Friday, Dec. 5.
Director Eric Ball also purchased 5,000 shares of Glu Mobile on Thursday, Dec. 4 at $3.50 a share.
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Glu Mobile's popular free-to-play game Kim Kardashian: Hollywood generated $43.3 million in sales from its release on June 27 to the end of September, according to a recent report from Variety. The game is currently ranked ninth in Apple's (AAPL) Top Grossing apps list.
TheStreet Ratings team rates GLU MOBILE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate GLU MOBILE INC (GLUU) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."