Globalstar Inc’s recent filing unveils that its Director Monroe James III acquired Company’s shares for reported $1.12 million on Mar 21 ’25. In the deal valued at $22.31 per share,50,000 shares were bought. As a result of this transaction, Monroe James III now holds 947,273 shares worth roughly $22.19 million.
Then, Monroe James III bought 25,000 shares, generating $545,780 in total proceeds. Upon buying the shares at $21.83, the Director now owns 897,273 shares.
Before that, Monroe James III bought 25,000 shares. Globalstar Inc shares valued at $542,760 were divested by the Director at a price of $21.71 per share. As a result of the transaction, Monroe James III now holds 872,273 shares, worth roughly $20.43 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 6.60% to $23.42. Over the last five days, the stock has gained 8.38%. Globalstar Inc shares have fallen nearly -24.57% since the year began. Nevertheless, the stocks have risen 6.94% 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 $23.64, while 200 days put it at $21.92.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 22.67, which if violated will result in even more drops to 21.93. On the upside, there is a resistance level at 23.82. A further resistance level may holdings at 24.23. The Relative Strength Index (RSI) on the 14-day chart is 55.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.01%. Stochastics %K at 72.02% 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.
