GlobalFoundries Inc’s filing revealed 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 -0.17% to $35.23. Over the last five days, the stock has gained 12.34%. GlobalFoundries Inc shares have fallen nearly -17.90% since the year began. Nevertheless, the stocks have fallen -25.53% 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 $37.20, while 200 days put it at $41.73.
Levels Of Support And Resistance For GFS Stock
The 24-hour chart illustrates a support level at 34.61, which if violated will result in even more drops to 34.00. On the upside, there is a resistance level at 35.78. A further resistance level may holdings at 36.34. The Relative Strength Index (RSI) on the 14-day chart is 51.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.11%. Stochastics %K at 80.25% indicates the stock is a selling.
How much short interest is there in GlobalFoundries Inc?
A steep rise in short interest was recorded in GlobalFoundries Inc stocks on 2025-04-15, dropping by -2.57 million shares to a total of 10.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 12.58 million shares. There was a decline of -25.66%, 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.
