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Fly News Breaks for January 15, 2020
GLUU
Jan 15, 2020 | 06:23 EDT
KeyBanc analyst Tyler Parker initiated coverage of Glu Mobile with an Overweight rating and $8 price target. The company has three strong core growth games driving the majority of bookings, a newly released title off to a strong start, and three expected releases this year aimed at expanding the portfolio of growing franchises, Parker tells investors in a research note. The analyst believes the "strong release" of Diner DASH and ongoing strength in Glu Mobile's core portfolio relieves much of execution concerns that arose in 2019. Mobile gaming is an attractive market, adds the analyst.
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