GlobalFoundries Inc’s recently made public that its Director EDELMAN MARTIN L acquired Company’s shares for reported $0.19 million on Oct 02 ’24. In the deal valued at $38.76 per share,4,866 shares were bought.
Then, EDELMAN MARTIN L bought 1,823 shares, generating $80,814 in total proceeds.
Needham upgraded its GlobalFoundries Inc [GFS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid November with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering GFS and has decreased its forecast on October 28, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. TD Cowen maintained its rating on August 07, 2024. It rated GFS as “a Buy”.
Price Performance Review of GFS
On Monday, GlobalFoundries Inc [NASDAQ:GFS] saw its stock fall -1.07% to $31.36. Over the last five days, the stock has lost -5.91%. GlobalFoundries Inc shares have fallen nearly -26.92% since the year began. Nevertheless, the stocks have fallen -33.78% over the past one year. While a 52-week high of $61.98 was reached on 02/20/25, a 52-week low of $29.77 was recorded on 04/08/25. SMA at 50 days reached $37.85, while 200 days put it at $42.21.
Levels Of Support And Resistance For GFS Stock
The 24-hour chart illustrates a support level at 30.87, which if violated will result in even more drops to 30.37. On the upside, there is a resistance level at 31.72. A further resistance level may holdings at 32.07. The Relative Strength Index (RSI) on the 14-day chart is 37.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.35%. Stochastics %K at 22.44% indicates the stock is a holding.
How much short interest is there in GlobalFoundries Inc?
A steep rise in short interest was recorded in GlobalFoundries Inc stocks on 2025-03-31, dropping by 87070.0 shares to a total of 10.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 10.98 million shares. There was a decline of -0.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $62 price target.
