GLUU Stock Prediction – Quick Win: 12.54% Return in 3 Days

GLUU Stock Prediction

On December 16th, 2015, I Know First published a forecast showing how GLUU stock price had fit in accordance with the algorithm’s prediction and ended up with a great gain by increasing 12.54%.

GLUU Stock Prediction

Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games. It creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, and Tap Sports: Baseball, as well as based on third-party licensed brands, such as Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game. Glu Mobile Inc. markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide.

Recently, the company announced new employment inducement awards. Its compensation committee awarded the president with 500,000 shares as well as an option to buy 300,000 shares of the company’s common stock. Also, the committee increased the number of shares by an additional 1,000,000 shares. That led to an increase in the GLUU stock.

Also recently, GLUU was issued a 1.67 rating by 9 brokerage firms. This scale has 1 as a strong buy and 5 as a strong sell. So we can see that GLUU has been believed to be a pretty strong buy. So according to the Zacks consensus, it is safe to buy stocks in this company. This is another reason for the increase.