Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GlobalFoundries Inc shares valued at $188,606 were purchased by EDELMAN MARTIN L on Oct 02 ’24. At $38.76 per share, EDELMAN MARTIN L acquired 4,866 shares.
Also, EDELMAN MARTIN L purchased 1,823 shares, netting a total of over 80,814 in proceeds.
As published in a research note from Needham on February 12, 2025, GlobalFoundries Inc [GFS] has been rated up from a Hold to a Buy and the price target has been revised to $50. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid November. As of October 28, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for GFS. Earlier on August 07, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for GFS stock.
Analyzing GFS Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, GlobalFoundries Inc shares have dropped approximately -18.01%. Shares of the company reached a 52-week high of $47.69 on 02/20/25 and a 52-week low of $29.77 on 04/08/25. A 50-day SMA is recorded $36.60, while a 200-day SMA reached $41.45.
Support And Resistance Levels for GlobalFoundries Inc (GFS)
According to the 24-hour chart, there is a support level at 34.72, which, if violated, would cause prices to drop to 34.27. In the upper region, resistance lies at 35.68. The next price resistance is at 36.19. RSI (Relative Strength Index) is 51.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 10.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
