Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Global Payments, Inc. shares valued at $701,891 were sold by WOODS M TROY on Dec 14 ’23. At $133.77 per share, WOODS M TROY sold 5,247 shares. The insider’s holdings dropped to 248,029 shares worth approximately $27.55 million following the completion of this transaction.
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 $2.48 million.
As published in a research note from Monness Crespi & Hardt on May 03, 2024, Global Payments, Inc. [GPN] has been retained to a Buy and the price target has been revised to $165. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early February. As of December 05, 2023, BMO Capital Markets has initiated its “Market perform” rating for GPN. Earlier on November 20, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for GPN stock.
Analyzing GPN Stock Performance
During the last five days, there has been a surge of approximately 1.83%. Over the course of the year, Global Payments, Inc. shares have dropped approximately -12.55%. Shares of the company reached a 52-week high of $141.77 on 02/15/24 and a 52-week low of $108.16 on 05/02/24. A 50-day SMA is recorded $126.15, while a 200-day SMA reached $123.18. Nevertheless, trading volume fell to 2.79 million shares from 2.16 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 109.88, which, if violated, would cause prices to drop to 108.69. In the upper region, resistance lies at 111.80. The next price resistance is at 112.53. RSI (Relative Strength Index) is 27.37 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.66, which suggests the price will decrease in the coming days. Percent R is at 85.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
