Globalstar (GSAT) Shares are Up 7.09%

Globalstar (GSAT) : Traders are bullish on Globalstar (GSAT) as it has outperformed the S&P 500 by a wide margin of 14.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.09% in the last 1 week, and is up 14.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 13.1% and the fifty day Moving Average is 14.09%. Globalstar Inc. has dropped 40.09% during the last three month period . Year-to-Date the stock performance stands at -5.56%.


Globalstar (NYSEMKT:GSAT): stock turned positive on Friday. Though the stock opened at $1.24, the bulls momentum made the stock top out at $1.4 level for the day. The stock recorded a low of $1.24 and closed the trading day at $1.36, in the green by 9.68%. The total traded volume for the day was 8,451,046. The stock had closed at $1.24 in the previous days trading.

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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