GlobalFoundries Inc’s recent filing unveils that its Director EDELMAN MARTIN L acquired Company’s shares for reported $0.19 million on Oct 02 ’24. In the deal valued at $38.76 per share,4,866 shares were bought.
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Then, EDELMAN MARTIN L bought 1,823 shares, generating $80,814 in total proceeds.
Morgan Stanley downgraded its GlobalFoundries Inc [GFS] rating to an Equal-weight from a an Overweight in a research note published on October 28, 2024; the price target was decreased to $43 from $53. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Buy”‘ rating for it. Jefferies began covering GFS with “Buy” recommendation on May 13, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated GFS as “an Outperform”.
Price Performance Review of GFS
On Tuesday, GlobalFoundries Inc [NASDAQ:GFS] saw its stock jump 14.88% to $41.37. Over the last five days, the stock has gained 1.60%. GlobalFoundries Inc shares have fallen nearly -31.73% since the year began. Nevertheless, the stocks have fallen -21.72% over the past one year. While a 52-week high of $62.61 was reached on 07/17/24, a 52-week low of $35.85 was recorded on 11/04/24. SMA at 50 days reached $40.31, while 200 days put it at $48.46.
Levels Of Support And Resistance For GFS Stock
The 24-hour chart illustrates a support level at 39.30, which if violated will result in even more drops to 37.22. On the upside, there is a resistance level at 42.76. A further resistance level may holdings at 44.14. The Relative Strength Index (RSI) on the 14-day chart is 56.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.25%. Stochastics %K at 34.78% indicates the stock is a holding.
How much short interest is there in GlobalFoundries Inc?
A steep rise in short interest was recorded in GlobalFoundries Inc stocks on 2024-10-15, growing by 0.63 million shares to a total of 12.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.73 million shares. There was a rise of 5.11%, which implies that there is a positive sentiment for the stock.
