Glu Shares Going South

Friday, 30 March 2007

It has been some time since Glu (GLUU) went on Nasdaq and surprised us with the money they collected. The first trading day, the value of the shares increased even more. Today however, we noticed a steady decrease in share value for Glu.

Glu300307

The decrease isn’t huge and we are talking about just a few days after trading, but for big shareholders, the pain will be felt. With EA still looking to increase it’s European stronghold, this decrease of stock value might set Glu in the spotlight for a acquisition like Jamdat in the past.

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