Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GlobalFoundries Inc shares valued at $188,606 were purchased by EDELMAN MARTIN L on Oct 02 ’24. At $38.76 per share, EDELMAN MARTIN L acquired 4,866 shares.
Also, EDELMAN MARTIN L purchased 1,823 shares, netting a total of over 80,814 in proceeds.
As published in their initiating research note from UBS on November 20, 2024, GlobalFoundries Inc [GFS] has been a Neutral and the price target has been revised to $47. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late October. As of August 07, 2024, TD Cowen has reiterated its “Buy” rating for GFS. Earlier on May 13, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for GFS stock.
Analyzing GFS Stock Performance
During the last five days, there has been a drop of approximately -6.99%. Over the course of the year, GlobalFoundries Inc shares have dropped approximately -10.04%. Shares of the company reached a 52-week high of $45.10 on 01/06/25 and a 52-week low of $38.59 on 02/06/25. A 50-day SMA is recorded $42.77, while a 200-day SMA reached $45.32. Nevertheless, trading volume fell to 2.67 million shares from 1.95 million shares the previous day.
Support And Resistance Levels for GlobalFoundries Inc (GFS)
According to the 24-hour chart, there is a support level at 37.98, which, if violated, would cause prices to drop to 37.36. In the upper region, resistance lies at 39.83. The next price resistance is at 41.07. RSI (Relative Strength Index) is 30.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.47, which suggests the price will decrease in the coming days. Percent R is at 99.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
