Global Payments, Inc.’s recently made public that its EVP, Chief Accounting Officer SHEFFIELD DAVID M unloaded Company’s shares for reported $0.17 million on Aug 08 ’24. In the deal valued at $100.73 per share,1,651 shares were sold. As a result of this transaction, SHEFFIELD DAVID M now holds 20,531 shares worth roughly $2.03 million.
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Then, SHEFFIELD DAVID M bought 1,651 shares, generating $166,305 in total proceeds.
Before that, JOHNSTON SHANNON A sold 1,727 shares. Global Payments, Inc. shares valued at $169,816 were divested by the Senior EVP and CIO at a price of $98.33 per share. As a result of the transaction, JOHNSTON SHANNON A now holds 12,489 shares, worth roughly $1.23 million.
A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in late September has reiterated a ‘”a Buy”‘ rating for it. B. Riley Securities also remained covering GPN and reiterated its “Buy” recommendation on September 25, 2024. William Blair revised its rating on September 25, 2024. It rated GPN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of GPN
On Friday, Global Payments, Inc. [NYSE:GPN] saw its stock jump 0.47% to $98.65. Over the last five days, the stock has lost -2.35%. Global Payments, Inc. shares have fallen nearly -22.32% since the year began. Nevertheless, the stocks have fallen -12.65% over the past one year. While a 52-week high of $141.77 was reached on 02/15/24, a 52-week low of $91.60 was recorded on 06/18/24. SMA at 50 days reached $105.35, while 200 days put it at $115.30.
Levels Of Support And Resistance For GPN Stock
The 24-hour chart illustrates a support level at 97.62, which if violated will result in even more drops to 96.60. On the upside, there is a resistance level at 99.58. A further resistance level may holdings at 100.52. The Relative Strength Index (RSI) on the 14-day chart is 37.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.97%. Stochastics %K at 9.83% indicates the stock is a buying.
How much short interest is there in Global Payments, Inc.?
A steep rise in short interest was recorded in Global Payments, Inc. stocks on 2024-09-13, growing by 1.38 million shares to a total of 7.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.15 million shares. There was a rise of 18.3%, which implies that there is a positive sentiment for the stock.
