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. Globant S.A shares valued at $1,536,220 were purchased by Nestor Nocetti on Dec 26 ’24. At $219.46 per share, Nestor Nocetti acquired 7,000 shares.
Also, Martin Migoya purchased 10,000 shares, netting a total of over 2,205,000 in proceeds.
Before that, WANDA WEIGERT had added 7,500 shares to its account. In a trade valued at $1,663,950, the Officer bought Globant S.A shares for $221.86 each.
As published in a research note from Redburn Atlantic on February 25, 2025, Globant S.A [GLOB] has been rated up from a Sell to a Neutral and the price target has been revised to $150 from $140. Analysts at Susquehanna started covering the stock with ‘”a Positive”‘ outlook in a report released in mid December. As of August 22, 2024, Deutsche Bank has initiated its “Hold” rating for GLOB. Earlier on August 20, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for GLOB stock which previously was a “a Buy”.
Analyzing GLOB Stock Performance
During the last five days, there has been a surge of approximately 3.62%. Over the course of the year, Globant S.A shares have dropped approximately -47.65%. Shares of the company reached a 52-week high of $228.98 on 02/13/25 and a 52-week low of $96.23 on 04/07/25. A 50-day SMA is recorded $139.24, while a 200-day SMA reached $190.52.
Support And Resistance Levels for Globant S.A (GLOB)
According to the 24-hour chart, there is a support level at 110.23, which, if violated, would cause prices to drop to 108.23. In the upper region, resistance lies at 114.01. The next price resistance is at 115.79. RSI (Relative Strength Index) is 43.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 12.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
