Glu Mobile falls on B. Riley downgrade

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

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.