It has been an eventful couple of days lately for our current trading idea Glu Mobile. Following a sharp share price decline at the beginning of last week, Glu Mobile’s share jumped some 17% in Friday’s trading on news of massive insider buying. What the insiders see? That business is going well for Glu Mobile and that should be all that matters. Not some hysteric investors that cannot distinguish mobile gaming from social gaming on Facebook. We are constantly screening the global app download charts and from the graph below you can see that Glu’s games are doing very well.
(We are screening the app markets of Australia, Canada, China, France, Germany, Italy, Japan, Netherlands, Russia, South Korea, Spain, Sweden, UK and USA).
Number of Glu Mobile games among the top grossing charts for iOS:
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