Selling Buzz: Global Payments, Inc. [GPN] Director WOODS M TROY sells 5,247 shares of the company

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Global Payments, Inc. shares valued at $701,891 were sold by WOODS M TROY on Dec 14. At $133.77 per share, WOODS M TROY sold 5,247 shares. The insider’s holdings dropped to 248,029 shares worth approximately $33.04 million following the completion of this transaction.

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Also, BALDWIN ROBERT H B JR purchased 3,500 shares, netting a total of over 420,210 in proceeds. Following the buying of shares at $120.06 each, the insider now holds 40,892 shares.

Before that, SHEFFIELD DAVID M had sold 1,800 shares from its account. In a trade valued at $203,130, the EVP, Chief Accounting Officer traded Global Payments, Inc. shares for $112.85 each. Upon closing the transaction, the insider’s holdings decreased to 1,800 shares, worth approximately $2.98 million.

As published in their initiating research note from BMO Capital Markets on December 05, 2023, Global Payments, Inc. [GPN] has been a Market perform and the price target has been revised to $138.

Analyzing GPN Stock Performance

During the last five days, there has been a surge of approximately 2.48%. Over the course of the year, Global Payments, Inc. shares have jumped approximately 4.91%. Shares of the company reached a 52-week high of $136.57 on 01/31/24 and a 52-week low of $124.93 on 01/04/24. A 50-day SMA is recorded $125.14, while a 200-day SMA reached $114.81. Nevertheless, trading volume fell to 1.33 million shares from 2.04 million shares the previous day.

Support And Resistance Levels for Global Payments, Inc. (GPN)

According to the 24-hour chart, there is a support level at 132.04, which, if violated, would cause prices to drop to 130.86. In the upper region, resistance lies at 135.49. The next price resistance is at 137.76. RSI (Relative Strength Index) is 58.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.39, which suggests the price will increase in the coming days. Percent R is at 32.02%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Global Payments, Inc. subject to short interest?

Stocks of Global Payments, Inc. saw a sharp steep in short interest on Jan 11, 2024 dropping by -2.04 million shares to 3.84 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 5.88 million shares. A decline of -53.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.63 of the overall float, the days-to-cover ratio (short ratio) decline to 1.63.

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