Globalstar, Inc. (NYSEAMERICAN:GSAT) CEO James Monroe III sold 38,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $1.16, for a total value of $44,080,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
James Monroe III also recently made the following trade(s):
- On Wednesday, October 11th, James Monroe III bought 27,607,656 shares of Globalstar stock. The shares were acquired at an average price of $1.57 per share, with a total value of $43,344,019.92.
Shares of Globalstar, Inc. (NYSEAMERICAN GSAT) traded down $0.05 during mid-day trading on Wednesday, reaching $1.21. The company had a trading volume of 3,613,369 shares, compared to its average volume of 5,238,952. Globalstar, Inc. has a 12 month low of $0.87 and a 12 month high of $2.59.
An institutional investor recently raised its position in Globalstar stock. Private Advisor Group LLC raised its stake in Globalstar, Inc. (NYSEAMERICAN:GSAT) by 650.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the Wireless communications provider’s stock after acquiring an additional 65,000 shares during the period. Private Advisor Group LLC’s holdings in Globalstar were worth $122,000 as of its most recent SEC filing.
GSAT has been the subject of a number of recent analyst reports. BidaskClub downgraded Globalstar from a “sell” rating to a “strong sell” rating in a report on Saturday, September 9th. TheStreet raised Globalstar from a “d” rating to a “c-” rating in a research note on Monday, November 13th.
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Globalstar Company Profile
Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.
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