Globalstar, Inc. (NYSE:GSAT – Get Free Report) Director James Monroe III bought 500,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were acquired at an average price of $2.10 per share, with a total value of $1,050,000.00. Following the transaction, the director now directly owns 11,334,090 shares in the company, valued at approximately $23,801,589. The trade was a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
James Monroe III also recently made the following trade(s):
- On Monday, December 23rd, James Monroe III purchased 500,000 shares of Globalstar stock. The stock was bought at an average cost of $1.93 per share, with a total value of $965,000.00.
- On Friday, December 20th, James Monroe III bought 500,000 shares of Globalstar stock. The stock was purchased at an average price of $1.97 per share, for a total transaction of $985,000.00.
- On Wednesday, December 18th, James Monroe III acquired 500,000 shares of Globalstar stock. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $1,000,000.00.
- On Monday, December 16th, James Monroe III acquired 500,000 shares of Globalstar stock. The shares were acquired at an average price of $1.96 per share, for a total transaction of $980,000.00.
- On Friday, December 13th, James Monroe III purchased 530,000 shares of Globalstar stock. The stock was bought at an average cost of $1.90 per share, for a total transaction of $1,007,000.00.
Globalstar Price Performance
GSAT stock traded down $0.11 during mid-day trading on Monday, reaching $2.04. The company had a trading volume of 6,673,167 shares, compared to its average volume of 8,115,373. The company has a market capitalization of $3.86 billion, a P/E ratio of -68.00 and a beta of 1.10. Globalstar, Inc. has a 52 week low of $1.00 and a 52 week high of $2.74. The stock’s 50 day moving average is $2.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99.
Institutional Investors Weigh In On Globalstar
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Globalstar from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.
Get Our Latest Stock Analysis on Globalstar
About Globalstar
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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