Globalstar Inc’s filing revealed that its Chief Executive Officer JACOBS PAUL E unloaded Company’s shares for reported $31840.0 on Jan 06 ’25. In the deal valued at $2.19 per share,14,539 shares were sold. As a result of this transaction, JACOBS PAUL E now holds 84,815 shares worth roughly $1.96 million.
Then, JACOBS PAUL E bought 14,539 shares, generating $31,840 in total proceeds.
Before that, Monroe James III bought 1,000,000 shares. Globalstar Inc shares valued at $2,128,700 were divested by the Director at a price of $2.13 per share. As a result of the transaction, Monroe James III now holds 12,334,090 shares, worth roughly $284.79 million.
Imperial Capital initiated its Globalstar Inc [GSAT] rating to an Outperform in a research note published on August 04, 2023; the price target was $7.79. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early May from “an Underweight” to “an Equal-weight”. Craig Hallum began covering GSAT with “Buy” recommendation on October 31, 2022. B. Riley Securities started covering the stock on June 21, 2021. It rated GSAT as “a Buy”.
Price Performance Review of GSAT
On Friday, Globalstar Inc [NASDAQ:GSAT] saw its stock jump 2.99% to $23.09. Over the last five days, the stock has gained 6.95%. Globalstar Inc shares have fallen nearly -25.64% since the year began. Nevertheless, the stocks have risen 15.74% over the past one year. While a 52-week high of $41.10 was reached on 01/06/25, a 52-week low of $15.00 was recorded on 02/25/25. SMA at 50 days reached $25.76, while 200 days put it at $21.65.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 22.04, which if violated will result in even more drops to 20.99. On the upside, there is a resistance level at 23.64. A further resistance level may holdings at 24.19. The Relative Strength Index (RSI) on the 14-day chart is 50.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.68%. Stochastics %K at 86.48% indicates the stock is a selling.
