Globalstar Inc’s filing revealed that its VP, Finance & Operations Taylor Timothy Evan unloaded Company’s shares for reported $0.58 million on Mar 12 ’25. In the deal valued at $22.04 per share,26,333 shares were sold. As a result of this transaction, Taylor Timothy Evan now holds 399,244 shares worth roughly $8.63 million.
Then, Taylor Timothy Evan sold 26,333 shares, generating $564,451 in total proceeds. Upon selling the shares at $21.44, the VP, Finance & Operations now owns 372,911 shares.
Before that, JACOBS PAUL E sold 7,087 shares. Globalstar Inc shares valued at $156,993 were divested by the Chief Executive Officer at a price of $22.15 per share. As a result of the transaction, JACOBS PAUL E now holds 12,374 shares, worth roughly $0.27 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 Monday, Globalstar Inc [NASDAQ:GSAT] saw its stock jump 1.31% to $21.61. Over the last five days, the stock has lost -0.55%. Globalstar Inc shares have fallen nearly -30.40% since the year began. Nevertheless, the stocks have risen 0.75% 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 $24.64, while 200 days put it at $21.79.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 21.30, which if violated will result in even more drops to 21.00. On the upside, there is a resistance level at 21.92. A further resistance level may holdings at 22.24. The Relative Strength Index (RSI) on the 14-day chart is 45.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.68%. Stochastics %K at 58.94% indicates the stock is a holding.
How much short interest is there in Globalstar Inc?
A steep rise in short interest was recorded in Globalstar Inc stocks on 2025-02-28, growing by 0.43 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-15 was 2.37 million shares. There was a rise of 15.46%, which implies that there is a positive sentiment for the stock.
