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Global Payments, Inc. (GPN) rating reiterates by Monness Crespi & Hardt

Global Payments, Inc.’s recently made public that its Senior Executive VP and CHRO Carter Andrea M unloaded Company’s shares for reported $0.37 million on May 09 ’24. In the deal valued at $111.34 per share,3,300 shares were sold. As a result of this transaction, Carter Andrea M now holds 25,209 shares worth roughly $2.71 million.

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Then, WOODS M TROY sold 5,247 shares, generating $701,891 in total proceeds. Upon selling the shares at $133.77, the Director now owns 248,029 shares.

Before that, BALDWIN ROBERT H B JR bought 3,500 shares. Global Payments, Inc. shares valued at $420,210 were divested by the Director at a price of $120.06 per share. As a result of the transaction, BALDWIN ROBERT H B JR now holds 40,892 shares, worth roughly $4.39 million.

Monness Crespi & Hardt reiterated its Global Payments, Inc. [GPN] rating to a Buy in a research note published on May 03, 2024; the price target was $165. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early February from “an In-line” to “an Outperform”. BMO Capital Markets began covering GPN with “Market perform” recommendation on December 05, 2023. BTIG Research started covering the stock on November 20, 2023. It rated GPN as “a Buy”.

Price Performance Review of GPN

On Tuesday, Global Payments, Inc. [NYSE:GPN] saw its stock fall -0.02% to $107.36. Over the last five days, the stock has lost -2.57%. Global Payments, Inc. shares have fallen nearly -15.46% since the year began. Nevertheless, the stocks have risen 5.30% 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 05/21/24. SMA at 50 days reached $122.51, while 200 days put it at $122.90. A total of 2.33 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 106.16, which if violated will result in even more drops to 104.97. On the upside, there is a resistance level at 108.17. A further resistance level may holdings at 108.99. The Relative Strength Index (RSI) on the 14-day chart is 26.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.81%. Stochastics %K at 9.93% indicates the stock is a buying.

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