Globalstar Inc’s recent filing unveils that its Director Monroe James III acquired Company’s shares for reported $4.72 million on Mar 28 ’25. In the deal valued at $22.52 per share,209,546 shares were bought. As a result of this transaction, Monroe James III now holds 790,097 shares worth roughly $16.81 million.
Then, JACOBS PAUL E sold 209,546 shares, generating $4,718,976 in total proceeds. Upon selling the shares at $22.52, the Chief Executive Officer now owns 0 shares.
Before that, Monroe James III bought 50,000 shares. Globalstar Inc shares valued at $1,115,620 were divested by the Director at a price of $22.31 per share. As a result of the transaction, Monroe James III now holds 947,273 shares, worth roughly $20.16 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 fall -5.51% to $21.28. Over the last five days, the stock has lost -3.14%. Globalstar Inc shares have fallen nearly -31.47% since the year began. Nevertheless, the stocks have risen 5.09% 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 $23.23, while 200 days put it at $22.05.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 20.72, which if violated will result in even more drops to 20.16. On the upside, there is a resistance level at 22.11. A further resistance level may holdings at 22.93. The Relative Strength Index (RSI) on the 14-day chart is 43.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.07%. Stochastics %K at 57.01% 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 2025-03-14, growing by 0.7 million shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.33 million shares. There was a rise of 23.18%, which implies that there is a positive sentiment for the stock.
