In a filing, Globalstar Inc. revealed its VP, Finance & Operations Taylor Timothy Evan unloaded Company’s shares for reported $0.48 million on Sep 11 ’24. In the deal valued at $1.22 per share,395,000 shares were sold. As a result of this transaction, Taylor Timothy Evan now holds 10,278,649 shares worth roughly $12.23 million.
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Then, Taylor Timothy Evan sold 395,000 shares, generating $465,587 in total proceeds. Upon selling the shares at $1.18, the VP, Finance & Operations now owns 9,883,649 shares.
Before that, Taylor Timothy Evan bought 395,000 shares. Globalstar Inc. shares valued at $477,950 were divested by the Officer at a price of $1.21 per share.
Imperial Capital initiated its Globalstar Inc. [GSAT] rating to an Outperform in a research note published on August 04, 2023; the price target was $7.79. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early May from “an Underweight” to “an Equal-weight”. Craig Hallum began covering GSAT with “Buy” recommendation on October 31, 2022. B. Riley Securities started covering the stock on June 21, 2021. It rated GSAT as “a Buy”.
Price Performance Review of GSAT
On Tuesday, Globalstar Inc. [AMEX:GSAT] saw its stock unchanged to $1.19. Globalstar Inc. shares have fallen nearly -38.66% since the year began. Nevertheless, the stocks have fallen -7.03% over the past one year. While a 52-week high of $2.13 was reached on 01/09/24, a 52-week low of $1.01 was recorded on 06/18/24. SMA at 50 days reached $1.2342, while 200 days put it at $1.3406.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 1.1733, which if violated will result in even more drops to 1.1567. On the upside, there is a resistance level at 1.2033. A further resistance level may holdings at 1.2167. The Relative Strength Index (RSI) on the 14-day chart is 47.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0024, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.73%. Stochastics %K at 30.30% indicates the stock is a holding.
How much short interest is there in Globalstar Inc.?
A steep rise in short interest was recorded in Globalstar Inc. stocks on 2024-09-30, dropping by -3.46 million shares to a total of 26.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 30.28 million shares. There was a decline of -12.88%, which implies that there is a negative sentiment for the stock.
