Glatfelter Corporation’s filing revealed that its 10% Owner CARLSON CAPITAL L P acquired Company’s shares for reported $80000.0 on Oct 26 ’23. In the deal valued at $1.60 per share,50,000 shares were bought. As a result of this transaction, CARLSON CAPITAL L P now holds 7,176,000 shares worth roughly $11.91 million.
Then, CARLSON CAPITAL L P bought 25,000 shares, generating $38,698 in total proceeds. Upon buying the shares at $1.55, the 10% Owner now owns 7,126,000 shares.
Before that, CARLSON CAPITAL L P bought 75,000 shares. Glatfelter Corporation shares valued at $115,320 were divested by the 10% Owner at a price of $1.54 per share. As a result of the transaction, CARLSON CAPITAL L P now holds 7,101,000 shares, worth roughly $11.79 million.
BMO Capital Markets upgraded its Glatfelter Corporation [GLT] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Market perform”. BMO Capital Markets also remained covering GLT and has increased its forecast on May 05, 2017 with a “an Outperform” recommendation from previously “Market perform” rating. Sidoti started covering the stock on December 16, 2015. It rated GLT as “a Buy”.
Price Performance Review of GLT
On Monday, Glatfelter Corporation [NYSE:GLT] saw its stock fall -1.19% to $1.66. Over the last five days, the stock has lost -6.74%. Glatfelter Corporation shares have fallen nearly -14.43% since the year began. Nevertheless, the stocks have fallen -55.01% over the past one year. While a 52-week high of $4.59 was reached on 02/07/24, a 52-week low of $1.25 was recorded on 02/06/24. SMA at 50 days reached $1.9446, while 200 days put it at $2.0024. A total of 0.53 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For GLT Stock
The 24-hour chart illustrates a support level at 1.6152, which if violated will result in even more drops to 1.5705. On the upside, there is a resistance level at 1.7295. A further resistance level may holdings at 1.7991. The Relative Strength Index (RSI) on the 14-day chart is 38.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1102, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.18%. Stochastics %K at 7.02% indicates the stock is a buying.
The most recent change occurred on August 07, 2015 when Deutsche Bank resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $23.
