Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Global Payments, Inc. shares valued at $166,305 were sold by SHEFFIELD DAVID M on Aug 08 ’24. At $100.73 per share, SHEFFIELD DAVID M sold 1,651 shares. The insider’s holdings dropped to 20,531 shares worth approximately $2.16 million following the completion of this transaction.
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Also, SHEFFIELD DAVID M purchased 1,651 shares, netting a total of over 166,305 in proceeds.
Before that, JOHNSTON SHANNON A had sold 1,727 shares from its account. In a trade valued at $169,816, the Senior EVP and CIO traded Global Payments, Inc. shares for $98.33 each. Upon closing the transaction, the insider’s holdings decreased to 1,727 shares, worth approximately $1.31 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 surge of approximately 5.65%. Over the course of the year, Global Payments, Inc. shares have dropped approximately -17.26%. 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 $97.91, while a 200-day SMA reached $116.66. Nevertheless, trading volume fell to 2.15 million shares from 2.53 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 104.15, which, if violated, would cause prices to drop to 103.23. In the upper region, resistance lies at 105.70. The next price resistance is at 106.32. RSI (Relative Strength Index) is 60.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.06, which suggests the price will increase in the coming days. Percent R is at 2.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
