Globus Medical Inc’s filing revealed 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 Friday, Globus Medical Inc [NYSE:GMED] saw its stock fall -4.56% to $80.28. Over the last five days, the stock has lost -4.58%. Globus Medical Inc shares have fallen nearly -2.94% since the year began. Nevertheless, the stocks have risen 48.23% over the past one year. While a 52-week high of $94.93 was reached on 01/30/25, a 52-week low of $49.33 was recorded on 02/21/25. SMA at 50 days reached $86.45, while 200 days put it at $75.19.
Levels Of Support And Resistance For GMED Stock
The 24-hour chart illustrates a support level at 78.91, which if violated will result in even more drops to 77.55. On the upside, there is a resistance level at 82.23. A further resistance level may holdings at 84.19. The Relative Strength Index (RSI) on the 14-day chart is 25.41, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.59%. Stochastics %K at 7.72% indicates the stock is a buying.
