Glu Mobile (GLUU) Moves Higher on Notable Insider Buying

November 20, 2012 9:21 AM EST
Glu Mobile (Nasdaq: GLUU) is ticking higher Tuesday following some notable insider buys disclosed Monday night.

The following were disclosed via SEC Form 4 filings after markets closed:
* CEO Niccolo de Masi purchased 44,909 shares at an average price of $2.2561 per share. Gross cost was about $101,319;
* Director Ben Smith bought 10,000 shares for $2.25 per share. Gross cost was $22,500; and
* Director Bill Miller purchased 40,000 shares at $2.30 per share. Gross cost was $92,000.

Following the purchases, de Masi holds 44,909 shares, Smith holds 10,000, and Miller holds 40,000.

Glu is up about 6 percent in early trading.

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