Glu Goes Pennystock

October 30th, 2008 by Arjan Olsder Posted in Companies & M&A | No Comments »

Today has been a remarkable day for Glu. After a huge launch on the market. The shares have taken a dive today and closed at $ 0.96. This while in June 2007, the shares where worth well over $ 14.

Glu's shares have had a long history of ups and downs over the past two years. Especially in November of 2007, when Glu reported bad news, the shares had a dip which was pretty big at that time.

Just over two weeks ago, the shares dipped all the way down to just above $ 1, but the value started rising again the very next day. Today, the shares went below the $ 1 border, which makes it time for Glu to really start working in order to recover.

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    Arjan Olsder is the Vice President of Pixalon Studios. Opinions expressed on this publication do not have to represent those of Pixalon Studios.


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