Glu Mobile (NASDAQ: GLUU) continues to pick up steam.
Today the mobile-gaming company had its rating raised by Northland Capital Markets analyst Darren Aftahi . Aftahi said, according to MarketWatch report, that, "...based on the games Glu Mobile has released this quarter, the company "has substantially improved its hit rate for new new games." The rating was changed from Market Perform to Outperform and changed its price target from $2.5 to $4.5.
For those who have GLUU on their penny stock watchlist, the company saw an exciting lunchtime hour, trading around $3.83 a share before ending the run at $3.80 around 11:30 a.m. It eventually fell to $3.70 30 or so minutes before ending below that price at the end of the day.
Follow Me on Twitter @LvStock: Join "The Herd"
Glu Mobile closed today trading at $3.59 a share, up 0.25(7.53%), but jumped a little after hours, rising 0.02 to $3.61.
[RELATED: Glu Mobile Skyrockets In Price After Real-Money Gambling Offering]
Zynga (NASDAQ: ZNGA) also saw some after-hours action today, ending their day at $3.51 a share, down 0.11(3.04%). After-market prices redeemed the mobile gaming company, trading up 0.01 (0.28%) to $3.52.
It's also being reported that Zynga is preparing to launch Draw Something 2, the popular picture-drawing mobile game app originally produced by OMGPOP. The company was bought by Zynga last year.
A photo image was tweeted by Ryan Seacrest who claimed that, "I somehow convinced them to give me #DrawSomething2 first".
Comments