Globus Medical Inc’s filing revealed that its Officer Pfeil Keith W acquired Company’s shares for reported $1.25 million on Jan 10 ’25. In the deal valued at $88.29 per share,14,167 shares were bought.
Then, Huller Kelly sold 2,500 shares, generating $217,502 in total proceeds. Upon selling the shares at $87.00, the SVP, GC, Corporate Secretary now owns 0 shares.
Before that, Huller Kelly bought 2,500 shares. Globus Medical Inc shares valued at $217,364 were divested by the Officer at a price of $86.95 per share.
BofA Securities upgraded its Globus Medical Inc [GMED] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Wells Fargo also remained covering GMED and has increased its forecast on August 07, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Piper Sandler revised its rating on May 20, 2024. It rated GMED as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of GMED
On Friday, Globus Medical Inc [NYSE:GMED] saw its stock jump 0.60% to $87.07. Over the last five days, the stock has gained 6.40%. Globus Medical Inc shares have risen nearly 5.27% since the year began. Nevertheless, the stocks have risen 61.72% over the past one year. While a 52-week high of $87.22 was reached on 01/10/25, a 52-week low of $49.33 was recorded on 01/02/25. SMA at 50 days reached $82.26, while 200 days put it at $69.97.
Levels Of Support And Resistance For GMED Stock
The 24-hour chart illustrates a support level at 85.49, which if violated will result in even more drops to 83.92. On the upside, there is a resistance level at 89.56. A further resistance level may holdings at 92.06. The Relative Strength Index (RSI) on the 14-day chart is 66.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.02%. Stochastics %K at 83.96% indicates the stock is a selling.
How much short interest is there in Globus Medical Inc?
A steep rise in short interest was recorded in Globus Medical Inc stocks on 2024-12-13, dropping by -0.41 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.79 million shares. There was a decline of -17.01%, which implies that there is a negative sentiment for the stock.
