Why Globalstar's Stock Is Trading Higher Today

Loading...
Loading...

Globalstar, Inc. GSAT shares are trading higher by 7.39% to $2.18 during Monday's session after Craig-Hallum initiated coverage on the stock with a Buy rating and a $5 price target.

Over the past 5 trading sessions, the stock has rallied approximately 23%. The company last week announced that it will hold an Investor Day on Wednesday, November 16 at 9:00 a.m. ET in New York City.

See Also: What's Going On With AMD Shares

The company says Globalstar's executive leadership team will present an overview of the Company's four pillars of value, including a discussion of its business, future strategies, and financial outlook followed by a live Q&A.

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services.

According to data from Benzinga Pro, Globalstar has a 52-week high of $2.98 and a 52-week low of $0.98.

Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Penny StocksPrice TargetInitiationAnalyst RatingsMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...