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 $545,780 were purchased by Monroe James III on Mar 20 ’25. At $21.83 per share, Monroe James III acquired 25,000 shares. The insider’s holdings grew to 897,273 shares worth approximately $19.4 million following the completion of this transaction.
Also, Monroe James III purchased 25,000 shares, netting a total of over 542,760 in proceeds. Following the buying of shares at $21.71 each, the insider now holds 872,273 shares.
Before that, Monroe James III had added 25,000 shares to its account. In a trade valued at $519,990, the Director bought Globalstar Inc shares for $20.80 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $18.32 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 surge of approximately 0.93%. Over the course of the year, Globalstar Inc shares have dropped approximately -30.37%. 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 $23.97, while a 200-day SMA reached $21.86.
Support And Resistance Levels for Globalstar Inc (GSAT)
According to the 24-hour chart, there is a support level at 21.32, which, if violated, would cause prices to drop to 21.03. In the upper region, resistance lies at 22.07. The next price resistance is at 22.53. RSI (Relative Strength Index) is 46.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 46.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
