New 52-week highs for Glu Mobile following Cowen note, King filing

|About: Glu Mobile Inc. (GLUU)|By:, SA News Editor

After trading near breakeven much of the day, Glu Mobile (GLUU +4.1%) is rallying in the wake of an upbeat Cowen note. The firm says talks with management left it optimistic Glu, which thus far has depended heavily on in-app purchases to monetize gains, will be able to ramp its in-game ad sales.

Also possibly helping: Candy Crush Saga developer King has filed a public F-1 for its much-anticipated IPO. King has reported 2013 gross bookings of $1.98B, and says 73% of its Q4 bookings came from mobile.