Finally the market has come to its senses, sending shares of our trading idea Glu Mobile up some 18% during last weeks’ trading. We had stubbornly argued that the sell-off of recent weeks had been exaggerated. Even after last week’s rebound, Glu Mobile is still down around 52% over the last three months.
We believe the share has more to give, both short- and long-term. As we can see in this week’s ranking check, Glu Mobile’s games for iPhone, iPad and Mac are doing increasingly well during Q4 and the release of “Dragon Slayer” on Wednesday has been off to a promising start. You can download Glu Mobile’s latest freemium game here: Dragon Slayer™ – Glu Games Inc.
Number of Glu Mobile games among the top grossing charts for iOS:
We are screening the app markets of Australia, Brazil, Canada, China, France, Germany, Italy, Japan, Netherlands, Russia, South Korea, Spain, Sweden, UK and USA.