Glatfelter Corporation’s recent filing unveils that its 10% Owner CARLSON CAPITAL L P unloaded Company’s shares for reported $3.17 million on Jun 28 ’24. In the deal valued at $1.40 per share,2,262,984 shares were sold. As a result of this transaction, CARLSON CAPITAL L P now holds 4,705,691 shares worth roughly $7.43 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, CARLSON CAPITAL L P sold 207,325 shares, generating $342,086 in total proceeds. Upon selling the shares at $1.65, the 10% Owner now owns 6,968,675 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 $11.22 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 Friday, Glatfelter Corporation [NYSE:GLT] saw its stock jump 5.33% to $1.58. Over the last five days, the stock has gained 0.64%. Glatfelter Corporation shares have fallen nearly -18.56% since the year began. Nevertheless, the stocks have fallen -33.05% over the past one year. While a 52-week high of $2.71 was reached on 02/07/24, a 52-week low of $1.22 was recorded on 07/02/24. SMA at 50 days reached $1.5946, while 200 days put it at $1.6837.
Levels Of Support And Resistance For GLT Stock
The 24-hour chart illustrates a support level at 1.4933, which if violated will result in even more drops to 1.4067. On the upside, there is a resistance level at 1.6633. A further resistance level may holdings at 1.7467. The Relative Strength Index (RSI) on the 14-day chart is 47.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0640, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 10.01% indicates the stock is a buying.
How much short interest is there in Glatfelter Corporation?
A steep rise in short interest was recorded in Glatfelter Corporation stocks on 2024-08-30, dropping by -0.44 million shares to a total of 0.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.17 million shares. There was a decline of -59.31%, which implies that there is a negative sentiment for the stock.
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.
