GlobalFoundries Inc’s filing revealed that its Director EDELMAN MARTIN L acquired Company’s shares for reported $0.19 million on Oct 02 ’24. In the deal valued at $38.76 per share,4,866 shares were bought.
Then, EDELMAN MARTIN L bought 1,823 shares, generating $80,814 in total proceeds.
UBS initiated its GlobalFoundries Inc [GFS] rating to a Neutral in a research note published on November 20, 2024; the price target was $47. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Equal-weight”. TD Cowen also remained covering GFS and reiterated its “Buy” recommendation on August 07, 2024. Jefferies started covering the stock on May 13, 2024. It rated GFS as “a Buy”.
Price Performance Review of GFS
On Friday, GlobalFoundries Inc [NASDAQ:GFS] saw its stock jump 5.30% to $43.10. Over the last five days, the stock has gained 5.22%. GlobalFoundries Inc shares have risen nearly 0.44% since the year began. Nevertheless, the stocks have fallen -21.45% over the past one year. While a 52-week high of $61.98 was reached on 01/06/25, a 52-week low of $35.85 was recorded on 01/10/25. SMA at 50 days reached $43.19, while 200 days put it at $45.83.
Levels Of Support And Resistance For GFS Stock
The 24-hour chart illustrates a support level at 42.23, which if violated will result in even more drops to 41.37. On the upside, there is a resistance level at 44.23. A further resistance level may holdings at 45.37. The Relative Strength Index (RSI) on the 14-day chart is 52.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.17%. Stochastics %K at 41.57% indicates the stock is a holding.
How much short interest is there in GlobalFoundries Inc?
A steep rise in short interest was recorded in GlobalFoundries Inc stocks on 2024-12-31, dropping by -1.76 million shares to a total of 12.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.72 million shares. There was a decline of -13.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $71 price target.