Glu Mobile Inc. (GLUU) Drops 6.62% on January 07

Equities Staff |

Glu Mobile Inc. (GLUU) was one of the Russell 2000's biggest losers for Thursday January 07 as the stock slid 6.62% to $2.19, a loss of $-0.155 per share. Starting at an opening price of $2.29 a share, the stock traded between $2.18 and $2.30 over the course of the trading day. Volume was 2.18 million shares over 5,298 trades, against an average daily volume of 2.42 million shares and a total float of 131.26 million.

The losses send Glu Mobile Inc. down to a market cap of $286.8 million. In the last year, Glu Mobile Inc. has traded between $7.03 and $2.20, and its 50-day SMA is currently $3.14 and 200-day SMA is $4.85.

Glu Mobile Inc develops, publishes & markets games designed to appeal to users of smartphones & tablet devices. Its gaming brands include Blood & Glory, Contract Killer, Deer Hunter, Eternity Warriors, Frontline Commando, Gun Bros, & Heroes of Destiny.

Glu Mobile Inc. is based out of San Francisco, CA and has some 653 employees. Its CEO is Niccolo de Masi.

For a complete fundamental analysis analysis of Glu Mobile Inc., check out Equities.com’s Stock Valuation Analysis report for GLUU. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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