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Selling Buzz: Global Payments, Inc. [GPN] Senior EVP and CIO JOHNSTON SHANNON A sells 1,727 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Global Payments, Inc. shares valued at $169,816 were sold by JOHNSTON SHANNON A on Jun 06 ’24. At $98.33 per share, JOHNSTON SHANNON A sold 1,727 shares. The insider’s holdings dropped to 12,489 shares worth approximately $1.18 million following the completion of this transaction.

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Also, Carter Andrea M sold 3,300 shares, netting a total of over 367,422 in proceeds. Following the sale of shares at $111.34 each, the insider now holds 25,209 shares.

Before that, WOODS M TROY had sold 5,247 shares from its account. In a trade valued at $701,891, the Director traded Global Payments, Inc. shares for $133.77 each. Upon closing the transaction, the insider’s holdings decreased to 5,247 shares, worth approximately $23.52 million.

As published in their initiating research note from Wells Fargo on June 12, 2024, Global Payments, Inc. [GPN] has been an Equal weight and the price target has been revised to $100. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of February 02, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for GPN. Earlier on December 05, 2023, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for GPN stock.

Analyzing GPN Stock Performance

During the last five days, there has been a drop of approximately -2.34%. Over the course of the year, Global Payments, Inc. shares have dropped approximately -25.34%. Shares of the company reached a 52-week high of $141.77 on 02/15/24 and a 52-week low of $91.60 on 06/18/24. A 50-day SMA is recorded $102.10, while a 200-day SMA reached $118.38. Nevertheless, trading volume fell to 1.96 million shares from 1.61 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 93.82, which, if violated, would cause prices to drop to 92.81. In the upper region, resistance lies at 95.74. The next price resistance is at 96.65. RSI (Relative Strength Index) is 38.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 57.55%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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