1 week Ago By ABMN Staff
Globalstar, Inc. ( NYSE:GSAT – Get Free Report ) was the target of some unusual options trading activity on Thursday. Traders bought 25,942 call options on the stock.
This is an increase of 119% compared to the average volume of 11,841 call options. Wall Street Analyst Weigh In Separately, StockNews.com raised shares of Globalstar from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.
Read Our Latest Report on Globalstar Globalstar Stock Performance Insider Activity at Globalstar In related news, VP Timothy Evan Taylor sold 3,500,000 shares of Globalstar stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $2.22, for a total value of $7,770,000.
00. Following the sale, the vice president now owns 6,383,649 shares of the company’s stock, valued at approximately $14,171,700.78.
This trade represents a 35.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Also, Director James Monroe III bought 530,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $1.90 per share, for a total transaction of $1,007,000.
00. Following the purchase, the director now directly owns 6,834,090 shares in the company, valued at approximately $12,984,771. This represents a 8.
41 % increase in their position. The disclosure for this purchase can be found here . In the last ninety days, insiders have purchased 3,030,000 shares of company stock valued at $5,987,000 and have sold 3,666,312 shares valued at $8,104,313.
61.00% of the stock is currently owned by insiders. Institutional Investors Weigh In On Globalstar A number of institutional investors and hedge funds have recently made changes to their positions in GSAT.
Charles Schwab Investment Management Inc. increased its holdings in Globalstar by 3.3% during the third quarter.
Charles Schwab Investment Management Inc. now owns 6,186,012 shares of the company’s stock worth $7,671,000 after buying an additional 196,644 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Globalstar in the 3rd quarter valued at about $56,000.
FMR LLC increased its stake in shares of Globalstar by 32.7% during the 3rd quarter. FMR LLC now owns 4,473,492 shares of the company’s stock worth $5,547,000 after purchasing an additional 1,102,776 shares during the last quarter.
BNP Paribas Financial Markets increased its stake in shares of Globalstar by 26.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 328,298 shares of the company’s stock worth $407,000 after purchasing an additional 68,599 shares during the last quarter.
Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Globalstar by 1,000.
5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd.
now owns 129,644 shares of the company’s stock valued at $161,000 after purchasing an additional 117,864 shares during the period. Institutional investors own 18.89% of the company’s stock.
About Globalstar ( Get Free Report ) GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.
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