Globalstar Inc’s recent filing unveils that its Director Monroe James III acquired Company’s shares for reported $0.93 million on May 12 ’25. In the deal valued at $18.56 per share,50,000 shares were bought. As a result of this transaction, Monroe James III now holds 58,758,076 shares worth roughly $1.12 billion.
Then, Monroe James III bought 209,546 shares, generating $4,718,976 in total proceeds. Upon buying the shares at $22.52, the Director now owns 790,097 shares.
Before that, JACOBS PAUL E sold 209,546 shares. Globalstar Inc shares valued at $4,718,976 were divested by the Chief Executive Officer at a price of $22.52 per share. As a result of the transaction, JACOBS PAUL E now holds 0 shares, worth roughly $0.0.
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 Monday, Globalstar Inc [NASDAQ:GSAT] saw its stock jump 8.33% to $19.05. Over the last five days, the stock has lost -4.22%. Globalstar Inc shares have fallen nearly -38.65% since the year began. Nevertheless, the stocks have fallen -0.78% 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 05/09/25. SMA at 50 days reached $20.55, while 200 days put it at $22.36.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 18.35, which if violated will result in even more drops to 17.65. On the upside, there is a resistance level at 19.41. A further resistance level may holdings at 19.77. The Relative Strength Index (RSI) on the 14-day chart is 45.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.61%. Stochastics %K at 45.29% indicates the stock is a holding.
