Why Glu Mobile Stock Surged 28% in May

Shares of Glu Mobile (NASDAQ: GLUU) climbed 27.9% last month, according to data provided by S&P Global Market Intelligence. On May 7, the mobile game maker reported a solid first-quarter earnings report, with bookings up 15% year over year. 

That news was followed with a business update in late May that showed momentum continuing into the second quarter. Management raised its second-quarter and full-year guidance on the back of strong performance from its core growth games, in addition to early results from new releases.

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Source Fool.com