Glu Mobile Inc. (GLUU - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $3.54 to $3.80 in the past one month time frame.
The move came after the company reported that it is gong to launch a digital-entertainment project in partnership with Grammy Award winning pop-star Taylor Swift.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Glu Mobile currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Toys - Games - Hobbies industry is Nintendo Co. (NTDOY - Free Report) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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