Why Glu Mobile Stock Surged 28% in May

John Ballard, The Motley Fool
Why Glu Mobile Stock Surged 28% in May

Shares of Glu Mobile (NASDAQ: GLUU) climbed 27.9% last month, according to data provided by S&P Global Market Intelligence. Management raised its second-quarter and full-year guidance on the back of strong performance from its core growth games, in addition to early results from new releases. Glu Mobile has been focusing more on its growth games lately, including Design Home, Covet Fashion, and MLB Tap Sports Baseball.