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Glu Mobile falls on B. Riley downgrade

Dec. 24, 2013 9:43 AM ETGlu Mobile Inc. (GLUU) StockGLUUBy: Eric Jhonsa, SA News Editor4 Comments
  • Two months after Glu Mobile (GLUU -5.4%) was upgraded to Buy by B. Riley, shares have been downgraded back to Neutral on account of valuation.
  • Aided by Deer Hunter 2014's strong performance, Glu had risen 36% from the time of B. Riley's upgrade to yesterday's close. Consensus estimates have also moved higher.

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