Globalstar Inc’s recently made public that its Director HASLER WILLIAM A unloaded Company’s shares for reported $0.17 million on Dec 03 ’24. In the deal valued at $1.93 per share,90,000 shares were sold. As a result of this transaction, HASLER WILLIAM A now holds 848,668 shares worth roughly $1.94 million.
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Then, Taylor Timothy Evan sold 395,000 shares, generating $482,097 in total proceeds. Upon selling the shares at $1.22, the VP, Finance & Operations now owns 10,278,649 shares.
Before that, Taylor Timothy Evan sold 395,000 shares. Globalstar Inc shares valued at $465,587 were divested by the VP, Finance & Operations at a price of $1.18 per share. As a result of the transaction, Taylor Timothy Evan now holds 9,883,649 shares, worth roughly $22.63 million.
Imperial Capital initiated its Globalstar Inc [GSAT] rating to an Outperform in a research note published on August 04, 2023; the price target was $7.79. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early May from “an Underweight” to “an Equal-weight”. Craig Hallum began covering GSAT with “Buy” recommendation on October 31, 2022. B. Riley Securities started covering the stock on June 21, 2021. It rated GSAT as “a Buy”.
Price Performance Review of GSAT
On Tuesday, Globalstar Inc [AMEX:GSAT] saw its stock jump 8.53% to $2.29. Over the last five days, the stock has gained 9.05%. Globalstar Inc shares have risen nearly 18.04% since the year began. Nevertheless, the stocks have risen 55.78% over the past one year. While a 52-week high of $2.33 was reached on 12/10/24, a 52-week low of $1.00 was recorded on 10/24/24. SMA at 50 days reached $1.55, while 200 days put it at $1.32.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 1.98, which if violated will result in even more drops to 1.67. On the upside, there is a resistance level at 2.67. A further resistance level may holdings at 3.05. The Relative Strength Index (RSI) on the 14-day chart is 70.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.91%. Stochastics %K at 72.05% indicates the stock is a holding.
How much short interest is there in Globalstar Inc?
A steep rise in short interest was recorded in Globalstar Inc stocks on 2024-11-29, growing by 3.39 million shares to a total of 28.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 24.85 million shares. There was a rise of 12.0%, which implies that there is a positive sentiment for the stock.
