1 day Ago By ABMN Staff
Shares of Globalstar, Inc. ( NYSEAMERICAN:GSAT – Get Free Report ) were up 7.1% on Friday .
The company traded as high as $2.28 and last traded at $2.27.
Approximately 6,079,092 shares were traded during trading, a decline of 34% from the average daily volume of 9,206,428 shares. The stock had previously closed at $2.12.
Wall Street Analyst Weigh In Separately, Craig Hallum increased their price objective on shares of Globalstar from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.
Get Our Latest Research Report on GSAT Globalstar Stock Performance Institutional Trading of Globalstar Large investors have recently bought and sold shares of the company. PFG Investments LLC grew its stake in shares of Globalstar by 83.3% during the second quarter.
PFG Investments LLC now owns 22,000 shares of the company’s stock valued at $25,000 after acquiring an additional 10,000 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Globalstar during the 3rd quarter valued at approximately $27,000. XTX Topco Ltd purchased a new stake in Globalstar during the 2nd quarter worth approximately $31,000.
Tokio Marine Asset Management Co. Ltd. purchased a new stake in Globalstar during the 3rd quarter worth approximately $39,000.
Finally, Procyon Advisors LLC acquired a new position in shares of Globalstar in the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 18.89% of the company’s stock.
Globalstar Company Profile ( Get Free Report ) Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. Read More Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.
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