When smartphones meet free-to-play games it creates a business model that game maker Glu Mobile Inc. (NASDAQ: GLUU) is exploiting to the hilt.
On Jan. 27, the San Mateo-based company's stock volume soared with 4,548,417 shares changing hands, substantially higher than its three-month average volume of 3,180,520 shares.
The uptick in volume is being sparked in part by the bevy of new games being released by Glu Mobile for smart phones.
Releases Bevy of New Games
Here a summary of some of the new releases:
On Jan. 9, Glu Mobile released its new Robocop mobile game, which in addition to offering players the use of experimental weapons and drone strikes, players face hostage, onslaught, survival, and escalation missions. Daily challenge missions test the skills acquired throughout training. To defeat tougher levels and hardcore criminals, players can upgrade their weapons, skills, and gear to build the ultimate crime-fighting machine.
On Jan. 15, Glu introduced its Defenders & Dragons for iPhone, iPad, and iPod touch. Defenders & Dragons is a fantasy themed tower-defense title from Glu featuring medieval heroes, multiple enemies, and high-energy gameplay. Players choose from five different characters as they fight to protect the seals of The Three Realms and defeat the evil Balewyrm. Multiplayer collection battles allow players to challenge their friends and earn rewards.
On Jan. 23, Glu rolled out Motocross Meltdown on the App Store and Google Play. Enter the fast-paced world of Motocross racing, and push the limits for big air, speed, and style to become the undisputed champion! With hundreds of different bike configurations, players can fine-tune their ride to dominate the competition. The game exclusively features X Games bronze medalist and world record holder, Wes Agee, and Supercross champion and X Games gold medalist, Josh Hansen.
Analysts' Consensus
The game-making business is a little like the movie business in that a studio needs a big hit to establish a foothold in the marketplace. Glu Mobile already has that hit with its Deer Hunter game for smartphones. It was recently expanded to Facebook.
Although the gaming industry is inherently risky, of the nine analysts covering Glu Mobile, six recommend a "strong buy," of its stock while three recommend a "hold."
On Jan. 27 GLUU’s share price closed at $3.70, down 18 cent from the share price of $3.88 the previous day.
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$12.2-million influx
Two weeks after Aeterna Zentaris Inc. (NASDAQ: AEZS) closed a public offering of $13.2 million, its stock price closed at $1.22, down 7 cents from its close of $1.29 the previous day.
On Jan. 14, the Canadian-based oncology and endocrinology drug development company announced the closing of its previously announced public offering of 11.million shares. The offering is expected to generate net proceeds of about $12.2 million, with each unit consisting of one common share and 0.8 of a warrant to purchase one common share, at a purchase price of $1.20 per unit. Each warrant is exercisable for a period of five years at an exercise price of $1.25 per share. Canaccord Genuity Inc. acted as the sole book-running manager, and Maxim Group LLC, H. C. Wainwright & Co., LLC and MLV & Co LLC acted as co-managers for the Offering.
Aeterna Zentaris said it would use the net proceeds to in develop new treatments in oncology and endocrinology.
Find out what could be the best investor's move when it comes to AEZS by getting the complete report here, or by cutting and pasting the following link in your Web browser.
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Class-action lawsuits
On Jan. 27, Vical Inc. (NASDAQ:VICL) experienced heavy volume, with 2,029,997 shares changing hands, compared to its three-month average volume of 1,602,467 shares.
This activity comes on the heels of a handful of class-action lawsuits against the biopharmaceutical company alleging "it misrepresented Allovectin's efficacy and likelihood of success in the Phase 3 trial, and the overall current and future business prospects for Allovectin and the company."
Meanwhile, the San Diego-based company is continuing to use DNA research to develop vaccines for genital herpes and therapies for other life-threatening diseases.
On Jan. 27, VICL's share price closed at $1.38, down 11 cent from the share price of $1.49 the previous day.
Find out what could be the best investor's move when it comes to VICL by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Long way to go
On Jan. 27, pharmaceutical Delcath Systems Inc. (NASDAQ: DCTH) share price closed at 31 cents, down 0.0329 cents from the share price of 34 cents the day before.
There hasn’t been much news about the Stamford, Conn.-based pharmaceutical and medical device company lately.
On Dec. 13, 2013, the company reported that NASDAQ granted it an additional 180 calendar day period, or until June 9, 2014, to regain compliance with the minimum bid price rule. To do so, the bid price of the company'' common stock must close at or above $1.00 per share for a minimum of ten consecutive trading days prior to that date.
As of Jan. 27, Delcath is about one-third of the way there.
Find out what could be the best investor's move when it comes to DCTH by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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