NEW YORK, Aug. 20, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against Glu Mobile (NASDAQ: GLUU) on behalf of Glu Mobile investors. Our investigation concerns whether Glu Mobile has violated the federal securities laws and/or engaged in other unlawful business practices.
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On August 1, 2019, Glu Mobile lowered both 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%, closing at $4.82 per share on August 2, 2019.
If you purchased or otherwise acquired Glu Mobile shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Glu Mobile please go to https://bespc.com/Gluu. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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