GLUU Stock Hits New Low Amid Growing Pessimism

GLUU stock

It has been a really tough time for GLUU stock investors as shares of Glu Mobile Inc. (NASDAQ:GLUU) are down over 60% since reporting its first quarterly results in early May.

Earnings were a Key Setback

As everyone knows, the mobile gaming industry has grown at a breakneck pace over the past half a decade or so. However, the fortunes of a gaming company ultimately depend on the latest games that it produces and hence, financial results can often swing from one quarter to the next. That is what has been happening with Glu Mobile, and ...

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