Globus Medical Inc’s filing revealed that its Director RHOADS ANN D acquired Company’s shares for reported $0.59 million on Feb 28 ’25. In the deal valued at $78.67 per share,7,500 shares were bought.
Then, Pfeil Keith W sold 14,167 shares, generating $1,250,770 in total proceeds. Upon selling the shares at $88.29, the COO, CFO now owns 0 shares.
Before that, Pfeil Keith W bought 14,167 shares. Globus Medical Inc shares valued at $1,250,772 were divested by the Officer at a price of $88.29 per share.
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 Monday, Globus Medical Inc [NYSE:GMED] saw its stock fall -1.33% to $79.25. Over the last five days, the stock has lost -0.96%. Globus Medical Inc shares have fallen nearly -4.18% since the year began. Nevertheless, the stocks have risen 45.52% 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 02/25/25. SMA at 50 days reached $86.10, while 200 days put it at $75.80.
Levels Of Support And Resistance For GMED Stock
The 24-hour chart illustrates a support level at 78.33, which if violated will result in even more drops to 77.41. On the upside, there is a resistance level at 80.70. A further resistance level may holdings at 82.15. The Relative Strength Index (RSI) on the 14-day chart is 30.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.02%. Stochastics %K at 12.50% indicates the stock is a buying.
