Orlando, FL -- (SBWIRE) -- 09/26/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Glu Mobile Inc.(NASDAQ:GLUU), SAIC, Inc.(NYSE:SAI).
Glu Mobile Inc.(NASDAQ:GLUU)sares increased 9.24% to $2.60. The company on Sept. 25 announced that the company's recently released Deer Hunter 2014 has achieved new company sales and global ranking records. Released September 18th on Apple's iOS and Mac platforms, Deer Hunter 2014 has already achieved the #1 Top Free Game ranking on the App Store in 78 countries and set new company records for global, single-day sales and downloads.
Additionally, the company on Sept. 17 announced the closing of an underwritten public offering of 7,245,000 shares of its common stock at $2.10 per share for gross proceeds of $15.2 million. The aggregate amount of common shares sold reflects the exercise in full by the underwriters of their option to purchase up to 945,000 additional shares of common stock to cover over-allotments.
Glu received net proceeds of approximately $14.0 million from the sale of common stock, after deducting the underwriters' discounts and other estimated offering expenses.
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SAIC, Inc.(NYSE:SAI) shares gained 3.35% to $15.73. The company on Sept. 12 announced that it is continuing as the Presenting Sponsor of the annual Navy-Air Force Half Marathon and Navy 5 Miler event scheduled for Sept. 14 in Washington, D.C.
The Navy-Air Force Half Marathon and Navy 5 Miler is planned and organized by the Joint Base Anacostia-Bolling Morale, Welfare and Recreation (MWR) program, which provides services that contribute to the retention, readiness, mental, physical, and emotional well-being of active duty personnel and Department of Defense (DoD) employees by providing a varied program of recreation, social and community support activities.
Additionally, the company, on Sept. 9, announced that its Board of Directors has approved the separation of its technical, engineering and enterprise information technology services business and declared a pro rata dividend to its stockholders, effective after market close on Friday, September 27, 2013 (the "distribution date"), of all of the shares of SAIC Gemini, Inc., which will hold the spun-off business and be renamed Science Applications International Corporation (Science Applications) in connection with the completion of the separation.
Is SAI going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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