Globalstar Inc’s recent filing unveils that its Director Monroe James III acquired Company’s shares for reported $0.93 million on May 16 ’25. In the deal valued at $18.68 per share,50,000 shares were bought. As a result of this transaction, Monroe James III now holds 58,833,076 shares worth roughly $1.38 billion.
Then, Monroe James III bought 25,000 shares, generating $469,325 in total proceeds. Upon buying the shares at $18.77, the Director now owns 58,783,076 shares.
Before that, Monroe James III bought 50,000 shares. Globalstar Inc shares valued at $928,035 were divested by the Director at a price of $18.56 per share. As a result of the transaction, Monroe James III now holds 58,758,076 shares, worth roughly $1.38 billion.
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 Friday, Globalstar Inc [NASDAQ:GSAT] saw its stock jump 0.56% to $23.54. Over the last five days, the stock has gained 0.26%. Globalstar Inc shares have risen nearly 49.46% since the year began. Nevertheless, the stocks have fallen -24.19% 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.
Levels Of Support And Resistance For GSAT Stock
The 24-hour chart illustrates a support level at 23.18, which if violated will result in even more drops to 22.82. On the upside, there is a resistance level at 23.98. A further resistance level may holdings at 24.43.
How much short interest is there in Globalstar Inc?
A steep rise in short interest was recorded in Globalstar Inc stocks on 2025-06-13, growing by 23110.0 shares to a total of 2.32 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 2.3 million shares. There was a rise of 0.99%, which implies that there is a positive sentiment for the stock.
