Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Global Payments, Inc. shares valued at $166,305 were sold by SHEFFIELD DAVID M on Aug 08 ’24. At $100.73 per share, SHEFFIELD DAVID M sold 1,651 shares. The insider’s holdings dropped to 20,531 shares worth approximately $2.04 million following the completion of this transaction.
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Also, SHEFFIELD DAVID M purchased 1,651 shares, netting a total of over 166,305 in proceeds.
Before that, JOHNSTON SHANNON A had sold 1,727 shares from its account. In a trade valued at $169,816, the Senior EVP and CIO traded Global Payments, Inc. shares for $98.33 each. Upon closing the transaction, the insider’s holdings decreased to 1,727 shares, worth approximately $1.24 million.
As published in a research note from Bernstein on October 22, 2024, Global Payments, Inc. [GPN] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $112 from $135. As of September 25, 2024, Monness Crespi & Hardt has reiterated its “Buy” rating for GPN. Earlier on September 25, 2024, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for GPN stock.
Analyzing GPN Stock Performance
During the last five days, there has been a drop of approximately -2.06%. Over the course of the year, Global Payments, Inc. shares have dropped approximately -21.63%. Shares of the company reached a 52-week high of $141.77 on 02/15/24 and a 52-week low of $91.60 on 06/18/24. A 50-day SMA is recorded $105.46, while a 200-day SMA reached $113.41. Nevertheless, trading volume fell to 1.78 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Global Payments, Inc. (GPN)
According to the 24-hour chart, there is a support level at 99.00, which, if violated, would cause prices to drop to 98.46. In the upper region, resistance lies at 100.33. The next price resistance is at 101.12. RSI (Relative Strength Index) is 42.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 57.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
