Globus Medical Inc’s recent filing unveils that its COO, CFO Pfeil Keith W unloaded 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 sold. As a result of this transaction, Pfeil Keith W now holds 0 shares worth roughly $0.0.
Then, Pfeil Keith W bought 14,167 shares, generating $1,250,772 in total proceeds.
Before that, Huller Kelly sold 2,500 shares. Globus Medical Inc shares valued at $217,502 were divested by the SVP, GC, Corporate Secretary at a price of $87.00 per share. As a result of the transaction, Huller Kelly now holds 0 shares, worth roughly $0.0.
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 Tuesday, Globus Medical Inc [NYSE:GMED] saw its stock jump 1.04% to $92.94. Over the last five days, the stock has gained 0.57%. Globus Medical Inc shares have risen nearly 12.37% since the year began. Nevertheless, the stocks have risen 72.94% over the past one year. While a 52-week high of $93.67 was reached on 01/22/25, a 52-week low of $49.33 was recorded on 01/02/25. SMA at 50 days reached $85.14, while 200 days put it at $72.09.
Levels Of Support And Resistance For GMED Stock
The 24-hour chart illustrates a support level at 91.60, which if violated will result in even more drops to 90.26. On the upside, there is a resistance level at 93.64. A further resistance level may holdings at 94.33. The Relative Strength Index (RSI) on the 14-day chart is 72.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.92%. Stochastics %K at 90.47% 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 2025-01-15, growing by 0.12 million shares to a total of 2.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.38 million shares. There was a rise of 4.74%, which implies that there is a positive sentiment for the stock.
