Global Partners LP’s recent filing unveils that its General Partner Global GP LLC acquired Company’s shares for reported $0.15 million on Dec 24 ’24. In the deal valued at $49.39 per share,3,000 shares were bought. As a result of this transaction, Global GP LLC now holds 327,307 shares worth roughly $17.3 million.
Then, Global GP LLC bought 3,000 shares, generating $142,050 in total proceeds. Upon buying the shares at $47.35, the General Partner now owns 324,307 shares.
Before that, Global GP LLC bought 3,000 shares. Global Partners LP shares valued at $146,010 were divested by the General Partner at a price of $48.67 per share. As a result of the transaction, Global GP LLC now holds 321,307 shares, worth roughly $16.98 million.
Stifel upgraded its Global Partners LP [GLP] rating to a Buy from a a Hold in a research note published on November 08, 2022; the price target was increased to $35 from $28. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early August from “an Equal weight” to “an Underweight”. Barclays also remained covering GLP and has increased its forecast on March 24, 2020 with a “an Equal weight” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on January 29, 2020. It rated GLP as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of GLP
On Friday, Global Partners LP [NYSE:GLP] saw its stock jump 0.72% to $52.86. Over the last five days, the stock has gained 13.07%. Global Partners LP shares have risen nearly 13.56% since the year began. Nevertheless, the stocks have risen 22.36% over the past one year. While a 52-week high of $58.76 was reached on 01/17/25, a 52-week low of $37.00 was recorded on 01/13/25. SMA at 50 days reached $50.59, while 200 days put it at $46.17.
Levels Of Support And Resistance For GLP Stock
The 24-hour chart illustrates a support level at 51.68, which if violated will result in even more drops to 50.50. On the upside, there is a resistance level at 53.76. A further resistance level may holdings at 54.66. The Relative Strength Index (RSI) on the 14-day chart is 62.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.49%. Stochastics %K at 89.70% indicates the stock is a selling.
How much short interest is there in Global Partners LP?
A steep rise in short interest was recorded in Global Partners LP stocks on 2024-12-31, dropping by 38804.0 shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.72 million shares. There was a decline of -5.73%, which implies that there is a negative sentiment for the stock.
