Globalstar, Inc. (GSAT) Files Form 4 Insider Buying : David B. Kagan Buys 37,000 Shares

Globalstar, Inc. (GSAT): David B. Kagan , COO of Globalstar, Inc. purchased 37,000 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $2.75 per share for a total value of $101,742.60 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 26, 2016, L Barbee Iv Ponder (General Counsel) sold 1,300 shares at $1.67 per share price.On Dec 10, 2015, James Iii Monroe (CEO) purchased 2,000,000 shares at $1.85 per share price.Also, On Dec 4, 2015, Rebecca Clary (VP & Chief Financial Officer) sold 330 shares at $2.05 per share price.

Shares of Globalstar (GSAT) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -2.26% at $2.59 with 30,17,466 shares getting traded. Post opening the session at $2.65, the shares hit an intraday low of $2.54 and an intraday high of $2.7 and the price vacillated in this range throughout the day. The company has a market cap of $2,359,397 M and the number of outstanding shares has been calculated to be 9,10,96,40,00,000 shares. The 52-week high of Globalstar is $3 and the 52-week low is $0.9708.

Globalstar Money Flow Index Chart

Globalstar Inc. provides mobile satellite services including voice and data communications services globally via 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. It provides various communications services via satellite which include two-way voice communication and data transmissions (Duplex) using mobile or fixed devices and one-way data transmissions (Simplex) using a mobile or fixed device that transmits its location and other information to a central monitoring station which includes certain SPOT and Simplex products. It offers voice and data communication services over its network of in-orbit satellites and its active ground stations (gateways). It also offers hardware and software designs to develop specific applications operating over its network.

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