Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Global Payments, Inc shares valued at $672,800 were purchased by BALDWIN ROBERT H B JR on Dec 13 ’24. At $116.00 per share, BALDWIN ROBERT H B JR acquired 5,800 shares. The insider’s holdings grew to 42,738 shares worth approximately $4.66 million following the completion of this transaction.
Also, Carter Andrea M sold 2,366 shares, netting a total of over 250,015 in proceeds. Following the sale of shares at $105.67 each, the insider now holds 22,078 shares.
Before that, Carter Andrea M had added 2,366 shares to its account. In a trade valued at $250,006, the Officer bought Global Payments, Inc shares for $105.67 each.
As published in a research note from Stephens on January 10, 2025, Global Payments, Inc [GPN] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $120. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of October 22, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for GPN.
Analyzing GPN Stock Performance
During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, Global Payments, Inc shares have dropped approximately -2.71%. Shares of the company reached a 52-week high of $115.19 on 01/06/25 and a 52-week low of $105.04 on 01/10/25. A 50-day SMA is recorded $113.63, while a 200-day SMA reached $107.88. Nevertheless, trading volume fell to 1.54 million shares from 2.15 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 108.07, which, if violated, would cause prices to drop to 107.13. In the upper region, resistance lies at 110.57. The next price resistance is at 112.12. RSI (Relative Strength Index) is 42.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.94, which suggests the price will decrease in the coming days. Percent R is at 60.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
