Globalstar General Counsel Sells $478,500 in Stock (GSAT)

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Globalstar (NASDAQ:GSAT) General Counsel L Barbee Iv Ponder unloaded 150,000 shares of Globalstar stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $3.19, for a total transaction of $478,500.00. Following the completion of the transaction, the general counsel now directly owns 75,865 shares of the company’s stock, valued at approximately $242,009. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Globalstar (NASDAQ:GSAT) traded up 1.10% during mid-day trading on Tuesday, hitting $3.215. The stock had a trading volume of 1,843,144 shares. Globalstar has a 52 week low of $2.33 and a 52 week high of $3.30. The stock has a 50-day moving average of $2.86 and a 200-day moving average of $2.86. The company’s market cap is $2.809 billion.

Globalstar (NASDAQ:GSAT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.25. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Analysts expect that Globalstar will post $-0.38 EPS for the current fiscal year.

Globalstar, Inc (NASDAQ:GSAT) is a provider of mobile voice and data communications services globally via satellite.

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