Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
"Insider Buying" is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That's why people pay attention to insider buying.
Here is a list of the latest insider activity for GSAT stock:
- Barbee Ponder - General Counsel, Bought $25,330 worth of shares of GSAT stock on 1 day ago
- James Monroe - Director,>10% Owner, Bought $183,000 worth of shares of GSAT stock on 1 day ago
- Benjamin Wolff - Director, Bought $14,400 worth of shares of GSAT stock on 1 day ago
- Benjamin Wolff - Director, Bought $18,100 worth of worth of shares of GSAT stock on shares on 3 days ago
In addition, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bearish short-term outlook.
Summary: 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. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
- Last Price: $1.85
- Price Change: $0.08, 4.52%
- Yearly Gain: 1.14%
- Market Cap: $3.19B
- P/E Ratio: -31.161
TechStockMovers.com keeps investors informed on a variety of tech stocks including communications equipment, IT Services, Semiconductors, Software, Technical hardware, storage and peripherals, artificial intelligence (AI), cybersecurity and more. (TSM) aggregates market data from top tier financial content providers like Barchart.com, Tipranks.com, TradingView.com, Yahoo! Finance, and Zacks.com.
One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals. Click here for more on Tipranks.com.
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