Globalstar Inc’s recent filing unveils that its Officer JACOBS PAUL E acquired Company’s shares for reported $31840.0 on Jan 06 ’25. In the deal valued at $2.19 per share,14,539 shares were bought.
Then, Monroe James III bought 1,000,000 shares, generating $2,128,700 in total proceeds. Upon buying the shares at $2.13, the Director now owns 12,334,090 shares.
Before that, Monroe James III bought 500,000 shares. Globalstar Inc shares valued at $1,048,550 were divested by the Director at a price of $2.10 per share. As a result of the transaction, Monroe James III now holds 11,334,090 shares, worth roughly $24.82 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 Monday, Globalstar Inc [AMEX:GSAT] saw its stock fall -0.45% to $2.19. Over the last five days, the stock has gained 1.86%. Globalstar Inc shares have risen nearly 5.80% since the year began. Nevertheless, the stocks have risen 14.66% over the past one year. While a 52-week high of $2.74 was reached on 01/06/25, a 52-week low of $1.00 was recorded on 01/02/25. SMA at 50 days reached $1.84, while 200 days put it at $1.38.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 2.11, which if violated will result in even more drops to 2.02. On the upside, there is a resistance level at 2.31. A further resistance level may holdings at 2.42. The Relative Strength Index (RSI) on the 14-day chart is 61.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.85%. Stochastics %K at 70.52% 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 2024-12-13, growing by 1.41 million shares to a total of 30.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 28.72 million shares. There was a rise of 4.67%, which implies that there is a positive sentiment for the stock.
