Glu Mobile Inc. (GLUU) had a good day on the market for Tuesday October 15 as shares jumped 9.09% to close at $6.00. About 14.8 million shares traded hands on 56,935 trades for the day, compared with an average daily volume of n/a shares out of a total float of 145.88 million. After opening the trading day at $6.00, shares of Glu Mobile Inc. stayed within a range of $6.21 to $5.83.
With today’s gains, Glu Mobile Inc. now has a market cap of $875.31 million. Shares of Glu Mobile Inc. have been trading within a range of $11.75 and $4.11 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Glu Mobile Inc is a U.S.-based company that develops and markets games appealing to a broad group of users of smartphones and tablet devices. These games are accessible through direct-to-consumer digital store fronts like the Apple App Store, Google Play Store, and Amazon Appstore. The firm generates revenue through in-app purchases and in-game advertising.
Glu Mobile Inc. is based out of San Francisco, CA and has some 659 employees. Its CEO is Nicholas Earl.
Glu Mobile Inc. is also a component of the Russell 2000. 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.
