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Fly News Breaks for January 6, 2020
GLUU
Jan 6, 2020 | 16:16 EDT
SunTrust analyst Matthew Thornton initiated coverage of Glu Mobile with a Buy rating and $7.50 price target. The company provides pure-play exposure to the "large and growing" global mobile gaming market with its growing game portfolio and experienced management team, Thornton told investors in a research note. Along with a "strong" pipeline, the company has a healthy balance sheet and acquisition track record, added the analyst. Thornton sees upside to consensus expectations for Q4 and 2020.
News For GLUU From the Last 2 Days
GLUU
Jun 3, 2020 | 22:41 EDT
Goldman Sachs, Morgan Stanley and UBS acted as joint book running managers for the offering.
GLUU
Jun 3, 2020 | 14:13 EDT
Shares of Glu Mobile (GLUU) and Zynga (ZNGA) are falling 5% and 3% respectively after a Reuters report that Playtika, a mobile gaming company owned by an investor group in China, has engaged U.S. banks to to prepare for an initial public offering in the U.S . According to an earlier story from Anirban Sen and Joshua Franklin of Reuters, Playtika, which specializes in casino-themed games and operates apps for poker and solitaire, "could be valued at around $10B in the IPO." "Playtika's IPO would come amid a surge in demand for mobile gaming, as more consumers stay home during lockdowns aimed at curbing the COVID-19 pandemic,"added the Reuters story. Reference Link
GLUU
Jun 2, 2020 | 19:10 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here