Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $7.54 million following the completion of this transaction.
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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 $8.19 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 drop of approximately -1.14%. Over the course of the year, Glatfelter Corporation shares have dropped approximately -10.31%. Nevertheless, trading volume fell to 0.81 million shares from 46800.0 shares the previous day.
Support And Resistance Levels for Glatfelter Corporation (GLT)
RSI (Relative Strength Index) is 51.99 on the 14-day chart, showing neutral technical sentiment.
