Overall market sentiment has been high on Glu Mobile Inc. (GLUU) stock lately. GLUU receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With GLUU Stock Today?
Glu Mobile Inc. (GLUU) stock is lower by -2.35% while the S&P 500 is higher by 0.92% as of 3:33 PM on Thursday, Jul 2. GLUU is down -$0.23 from the previous closing price of $9.98 on volume of 3,978,821 shares. Over the past year the S&P 500 is higher by 5.77% while GLUU is higher by 35.84%. GLUU lost -$0.02 per share in the over the last 12 months.
More About Glu Mobile Inc.
Glu Mobile Inc is a U.S.-based company that develops and markets games appealing to a broad group of users of smartphones and tablet devices. These games are accessible through direct-to-consumer digital store fronts like the Apple App Store, Google Play Store, and Amazon Appstore. The firm generates revenue through in-app purchases and in-game advertising.