Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $20.78, but opened at $21.40. Globalstar shares last traded at $21.33, with a volume of 52,089 shares.
Wall Street Analyst Weigh In
Separately, B. Riley upped their target price on shares of Globalstar from $4.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th.
View Our Latest Stock Analysis on GSAT
Globalstar Price Performance
About Globalstar
Globalstar, Inc provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.
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