Glu Mobile (GLUU) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The Zacks Analyst Blog Highlights: Nintendo, Activision Blizzard, Glu Mobile, Capcom and DouYu International
Shares of Glu Mobile (NASDAQ: GLUU) climbed 24% in April, according to data from S&P Global Market Intelligence. Video game companies enjoyed heightened engagement in April as people sheltered at home in response to the COVID-19 pandemic, and Glu Mobile benefited from the trend. The tailwinds from heightened engagement, and market momentum, prompted big gains for leading video game companies in April; stocks in the industry have generally performed well in 2020.
The rapid rise in video game sales has been boosted by coronavirus-led lockdowns and technological breakthroughs.
The S&P 500 has taken a beating in 2020 in the wake of the novel coronavirus pandemic, which has stalled businesses and economies around the world. Chewy (NYSE: CHWY) and Glu Mobile (NASDAQ: GLUU) are two such companies resisting the economic downturn brought about by the novel coronavirus. While Chewy plies its trade in a lucrative niche that has a proven record of beating past recessions, Glu gives its users a way to keep themselves entertained as they stay at home.
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Is (GLUU) Outperforming Other Consumer Discretionary Stocks This Year?
Glu Mobile shares moved marginally lower during Monday's session as traders took profit off the table after Friday's earnings rally.
Zacks.com featured highlights include: Avenue Therapeutics, Glu Mobile, Yamana Gold and Z Holdings
Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today announced that Nick Earl, President and Chief Executive Officer, and Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer, are scheduled to participate in the following upcoming virtual conferences:
Glu Mobile Inc. (NASDAQ:GLUU), a leading developer and publisher of mobile games, today announced that, due to the public health impact of the coronavirus pandemic, the location of Glu’s 2020 Annual Meeting of Stockholders has been changed and will be held in a virtual meeting format only. As previously announced, the annual meeting will be held on Thursday, June 18, 2020 at 10:00 a.m. Pacific Time. To be admitted to the annual meeting, stockholders must register at https://viewproxy.com/glu/2020/ by 11:59 p.m. Pacific Time on June 16. Further information regarding this change to the location of the annual meeting can be found in the supplemental proxy materials filed by Glu with the Securities and Exchange Commission ("SEC") on May 26, 2020.
With nothing much to do in quarantine, most people are keeping themselves busy indoors by playing video games.
The coronavirus pandemic is far from over, but these three stocks will thrive in this uncertain environment.
With lockdowns yet to be lifted completely and many staying at home on fears of the coronavirus spreading, there is not much entertainment other than video games.
Glu Mobile Inc. (NASDAQ:GLUU) shareholders will have a reason to smile today, with the analysts making substantial...
Smartphone gaming stocks witnessed significant gains in first-quarter 2020, owing to stringent social restrictions.
Glu Mobile (NASDAQ: GLUU) is one such company that seems to be benefiting from the shelter-in-place orders and the lockdowns instituted across the globe to contain the COVID-19 disease. The mobile gaming specialist has delivered terrific first-quarter results, and also raised its full-year guidance. Glu Mobile's quarterly revenue increased 12% annually to $107.3 million during the first quarter that ended on March 31.
Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Glu Mobile (GLUU).