In a filing, Global Payments, Inc. revealed its Director WOODS M TROY unloaded Company’s shares for reported $0.7 million on Dec 14 ’23. In the deal valued at $133.77 per share,5,247 shares were sold. As a result of this transaction, WOODS M TROY now holds 248,029 shares worth roughly $31.76 million.
Then, BALDWIN ROBERT H B JR bought 3,500 shares, generating $420,210 in total proceeds. Upon buying the shares at $120.06, the Director now owns 40,892 shares.
Before that, SHEFFIELD DAVID M sold 1,800 shares. Global Payments, Inc. shares valued at $203,130 were divested by the EVP, Chief Accounting Officer at a price of $112.85 per share. As a result of the transaction, SHEFFIELD DAVID M now holds 22,335 shares, worth roughly $2.86 million.
Evercore ISI upgraded its Global Payments, Inc. [GPN] rating to an Outperform from a an In-line in a research note published on February 02, 2024; the price target was increased to $185 from $129. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early December with a ‘”a Market perform”‘ rating. BTIG Research began covering GPN with “Buy” recommendation on November 20, 2023.
Price Performance Review of GPN
On Monday, Global Payments, Inc. [NYSE:GPN] saw its stock jump 1.70% to $128.06. Over the last five days, the stock has lost -1.61%. Global Payments, Inc. shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have risen 23.22% over the past one year. While a 52-week high of $141.77 was reached on 02/15/24, a 52-week low of $95.12 was recorded on 04/05/24. SMA at 50 days reached $132.50, while 200 days put it at $121.52. A total of 1.78 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For GPN Stock
The 24-hour chart illustrates a support level at 126.46, which if violated will result in even more drops to 124.87. On the upside, there is a resistance level at 129.32. A further resistance level may holdings at 130.58. The Relative Strength Index (RSI) on the 14-day chart is 43.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.80%. Stochastics %K at 14.63% indicates the stock is a buying.
How much short interest is there in Global Payments, Inc.?
A steep rise in short interest was recorded in Global Payments, Inc. stocks on Mar 15, 2024, growing by 1.89 million shares to a total of 7.18 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.29 million shares. There was a rise of 26.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.51.
The most recent change occurred on October 12, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $140 price target.
