Glu Mobile Inc. (GLUU)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Glu Mobile Inc. (GLUU)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Glu Mobile Inc. (“Glu” or “the Company”) (NASDAQ: GLU). The investigation concerns whether Glu and certain of its officers and/or directors have violated federal securities laws.
On August 1, 2019, post-market, Glu Mobile sharply decreased its annual bookings guidance and annual forecast. Glu Mobile’s Chief Financial Officer stated that the Company had revised its annual guidance “primarily to reflect the timing of new launches, contribution from newly launched titles and incremental UA investment to take advantage of favorable ROI opportunities.” On this news, Glu Mobile’s stock price fell $2.77 per share, or 36.5%, to close at $4.82 per share on August 2, 2019.
If you are aware of any facts relating to this investigation, or purchased Glu shares, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.