Scalper1 News
Like a Kim Kardashian marriage, the investor honeymoon with mobile game publisher Glu Mobile (GLUU) ended quickly. The maker of “Kim Kardashian: Hollywood,” a mobile game starring the thrice-married reality TV star, saw its stock drop 19% on Thursday, a day after posting better-than-expected Q2 earnings, but giving a disappointing outlook. In a month ended July 21, Glu stock had risen 101% to 7.58, a seven-year high. The gains were related to the popularity of its recently released Kardashian game. But Glu stock slipped ahead of Q2 earnings. And in midday trading, Glu was near 5.60 in the stock market today. Benchmark analyst Mike Hickey cut his rating on Glu to hold from buy on Thursday. He soured on the stock because of fading expectations for the Kardashian game and share dilution related to Glu’s just-announced acquisition of Cie Games. In the June quarter, San Francisco-based Glu… Scalper1 News
Scalper1 News