Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Globalstar Inc shares valued at $933,890 were purchased by Monroe James III on May 16 ’25. At $18.68 per share, Monroe James III acquired 50,000 shares. The insider’s holdings grew to 58,833,076 shares worth approximately $1.15 billion following the completion of this transaction.
Also, Monroe James III purchased 25,000 shares, netting a total of over 469,325 in proceeds. Following the buying of shares at $18.77 each, the insider now holds 58,783,076 shares.
Before that, Monroe James III had added 50,000 shares to its account. In a trade valued at $928,035, the Director bought Globalstar Inc shares for $18.56 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $1.15 billion.
As published in their initiating research note from Imperial Capital on August 04, 2023, Globalstar Inc [GSAT] has been an Outperform and the price target has been revised to $7.79. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early May. As of October 31, 2022, Craig Hallum has initiated its “Buy” rating for GSAT. Earlier on June 21, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for GSAT stock.
Analyzing GSAT Stock Performance
During the last five days, there has been a surge of approximately 3.81%. Over the course of the year, Globalstar Inc shares have dropped approximately -36.81%. Shares of the company reached a 52-week high of $35.10 on 01/06/25 and a 52-week low of $17.24 on 05/09/25.
Support And Resistance Levels for Globalstar Inc (GSAT)
According to the 24-hour chart, there is a support level at 19.03, which, if violated, would cause prices to drop to 18.43. In the upper region, resistance lies at 20.00. The next price resistance is at 20.37. RSI (Relative Strength Index) is 54.79 on the 14-day chart, showing neutral technical sentiment.
