GLU Mobile (GLUU) Insider Makes Significant Share Sale

Tuesday, October 17, 2017 10:15 PM ET

GLU Mobile (GLUU) Insider Makes Significant Share Sale

There was a substantial sale of shares of GLU Mobile by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Hany Nada, Director — disposed of 766,456 shares in the company having a market value of approximately $3,453,254. This is the first insider buy/sell trade in the past 90 days.

Relative to its peers over the last 90 days, insider buy/sell trading at GLU Mobile is higher than the 4-company peer group average. Mobile System Software peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for GLU Mobile insiders was also higher. Within the peer group there were 4,000 shares purchased and 4,000 shares sold with company insiders disposing of 0 shares on average.

The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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