Global Payments, Inc.’s recently made public that 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 $30.55 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 $2.75 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 fall -0.46% to $123.17. Over the last five days, the stock has lost -3.82%. Global Payments, Inc. shares have fallen nearly -3.02% since the year began. Nevertheless, the stocks have risen 15.16% 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 04/15/24. SMA at 50 days reached $131.52, while 200 days put it at $122.20. A total of 1.53 million shares were traded, compared to the trading of 1.6 million shares in the previous session.
Levels Of Support And Resistance For GPN Stock
The 24-hour chart illustrates a support level at 121.77, which if violated will result in even more drops to 120.37. On the upside, there is a resistance level at 125.53. A further resistance level may holdings at 127.89. The Relative Strength Index (RSI) on the 14-day chart is 34.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.77%. Stochastics %K at 7.04% indicates the stock is a buying.
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.
