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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 14:46 EDT
Stifle analyst Drew Crum reiterated a Buy rating on Glu Mobile and raised his price target on the shares to $8.75 from $8.00 after the company reported fourth quarter results that came in ahead of expectations. Crum said that growth games increased 10%, and that he was "particularly encouraged" by the commentary around "Disney's Sorcerer's Arena" and thought management was more upbeat on the prospects for this upcoming launch in late Q1 of 2020. The analyst said he sees this as a "key" swing factor for the shares, at least over the near-term.
News For GLUU From the Last 2 Days
Jun 3, 2020 | 22:41 EDT
Goldman Sachs, Morgan Stanley and UBS acted as joint book running managers for the offering.
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
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 See Story Here