The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Globalstar Inc shares valued at $156,993 were sold by JACOBS PAUL E on Mar 12 ’25. At $22.15 per share, JACOBS PAUL E sold 7,087 shares. The insider’s holdings dropped to 12,374 shares worth approximately $0.27 million following the completion of this transaction.
Also, Clary Rebecca sold 2,402 shares, netting a total of over 53,210 in proceeds. Following the sale of shares at $22.15 each, the insider now holds 102,741 shares.
Before that, Ponder L Barbee IV had sold 252 shares from its account. In a trade valued at $5,582, the General Counsel traded Globalstar Inc shares for $22.15 each. Upon closing the transaction, the insider’s holdings decreased to 252 shares, worth approximately $3.22 million.
As published in their initiating research note from Imperial Capital on August 04, 2023, Globalstar Inc [GSAT] has been an Outperform and the price target has been revised to $7.79. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early May. As of October 31, 2022, Craig Hallum has initiated its “Buy” rating for GSAT. Earlier on June 21, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for GSAT stock.
Analyzing GSAT Stock Performance
During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, Globalstar Inc shares have dropped approximately -28.63%. Shares of the company reached a 52-week high of $35.10 on 01/06/25 and a 52-week low of $18.88 on 02/25/25. A 50-day SMA is recorded $25.27, while a 200-day SMA reached $21.71.
Support And Resistance Levels for Globalstar Inc (GSAT)
According to the 24-hour chart, there is a support level at 21.58, which, if violated, would cause prices to drop to 21.00. In the upper region, resistance lies at 22.70. The next price resistance is at 23.24. RSI (Relative Strength Index) is 46.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 24.07%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
