Why Glu Mobile Inc. Stock Popped Today

Shares of Glu Mobile Inc. (NASDAQ: GLUU) were up 10.9% as of 12:30 p.m. EDT Thursday after an analyst upgraded shares of the free-to-play mobile games company.

More specifically, Benchmark analyst Mike Hickey upgraded Glu Mobile from "hold" to "buy," setting a $6-per-share price target on the stock -- that's a whopping 58% premium from yesterday's close.

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Source: Fool.com