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Global Payments, Inc [GPN] Investment Appeal on the Rise

Global Payments, Inc’s recently made public that its Chief Human Resources Officer Carter Andrea M unloaded Company’s shares for reported $0.25 million on Nov 04 ’24. In the deal valued at $105.67 per share,2,366 shares were sold. As a result of this transaction, Carter Andrea M now holds 22,078 shares worth roughly $2.6 million.

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Then, Carter Andrea M bought 2,366 shares, generating $250,006 in total proceeds.

Before that, Green David Lawrence sold 31,291 shares. Global Payments, Inc shares valued at $3,271,474 were divested by the Chief Administrative Officer at a price of $104.55 per share. As a result of the transaction, Green David Lawrence now holds 66,225 shares, worth roughly $7.8 million.

Bernstein downgraded its Global Payments, Inc [GPN] rating to a Mkt perform from a an Outperform in a research note published on October 22, 2024; the price target was decreased to $112 from $135. Monness Crespi & Hardt also remained covering GPN and reiterated its “Buy” recommendation on September 25, 2024. B. Riley Securities maintained its rating on September 25, 2024. It rated GPN as “a Buy”.

Price Performance Review of GPN

On Friday, Global Payments, Inc [NYSE:GPN] saw its stock jump 1.71% to $117.83. Over the last five days, the stock has lost -0.95%. Global Payments, Inc shares have fallen nearly -7.22% since the year began. Nevertheless, the stocks have fallen -1.36% over the past one year. While a 52-week high of $141.77 was reached on 02/15/24, a 52-week low of $91.60 was recorded on 06/18/24. SMA at 50 days reached $107.73, while 200 days put it at $110.28.

Levels Of Support And Resistance For GPN Stock

The 24-hour chart illustrates a support level at 116.59, which if violated will result in even more drops to 115.36. On the upside, there is a resistance level at 118.71. A further resistance level may holdings at 119.59. The Relative Strength Index (RSI) on the 14-day chart is 61.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.17%. Stochastics %K at 47.39% indicates the stock is a holding.

How much short interest is there in Global Payments, Inc?

A steep rise in short interest was recorded in Global Payments, Inc stocks on 2024-11-15, growing by 0.28 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.64 million shares. There was a rise of 4.09%, which implies that there is a positive sentiment for the stock.

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