The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Glatfelter Corporation shares valued at $558,002 were sold by Carlson Capital, L.P. on Sep 25 ’24. At $1.74 per share, Carlson Capital, L.P. sold 320,691 shares. The insider’s holdings dropped to 4,335,000 shares worth approximately $7.63 million following the completion of this transaction.
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
Also, Carlson Capital, L.P. sold 50,000 shares, netting a total of over 91,000 in proceeds. Following the sale of shares at $1.82 each, the insider now holds 4,655,691 shares.
Before that, CARLSON CAPITAL L P had sold 2,262,984 shares from its account. In a trade valued at $3,168,178, the 10% Owner traded Glatfelter Corporation shares for $1.40 each. Upon closing the transaction, the insider’s holdings decreased to 2,262,984 shares, worth approximately $8.28 million.
As published in a research note from BMO Capital Markets on July 26, 2021, Glatfelter Corporation [GLT] has been rated up from a Market perform to an Outperform and the price target has been revised to $17. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid April. As of May 05, 2017, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for GLT. Earlier on December 16, 2015, Sidoti initiated its rating. Their recommendation was “a Buy” for GLT stock.
Analyzing GLT Stock Performance
During the last five days, there has been a surge of approximately 3.53%. Over the course of the year, Glatfelter Corporation shares have dropped approximately -9.28%. Shares of the company reached a 52-week high of $2.7100 on 02/07/24 and a 52-week low of $1.2150 on 07/02/24. A 50-day SMA is recorded $1.6798, while a 200-day SMA reached $1.7028. Nevertheless, trading volume fell to 0.78 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Glatfelter Corporation (GLT)
According to the 24-hour chart, there is a support level at 1.7126, which, if violated, would cause prices to drop to 1.6653. In the upper region, resistance lies at 1.7947. The next price resistance is at 1.8295. RSI (Relative Strength Index) is 53.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0179, which suggests the price will decrease in the coming days. Percent R is at 61.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
