Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Global Payments, Inc shares valued at $250,015 were sold by Carter Andrea M on Nov 04 ’24. At $105.67 per share, Carter Andrea M sold 2,366 shares. The insider’s holdings dropped to 22,078 shares worth approximately $2.54 million following the completion of this transaction.
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Also, Carter Andrea M purchased 2,366 shares, netting a total of over 250,006 in proceeds.
Before that, Green David Lawrence had sold 31,291 shares from its account. In a trade valued at $3,271,474, the Chief Administrative Officer traded Global Payments, Inc shares for $104.55 each. Upon closing the transaction, the insider’s holdings decreased to 31,291 shares, worth approximately $7.62 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 surge of approximately 11.33%. Over the course of the year, Global Payments, Inc shares have dropped approximately -9.42%. 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 $104.53, while a 200-day SMA reached $112.23. Nevertheless, trading volume fell to 3.81 million shares from 2.89 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 111.51, which, if violated, would cause prices to drop to 107.98. In the upper region, resistance lies at 116.93. The next price resistance is at 118.82. RSI (Relative Strength Index) is 73.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.33, which suggests the price will increase in the coming days. Percent R is at 1.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
