Thursday, March 23, 2017 6:36:22 PM
Globalstar, Inc. (:GSAT) is Catching the Eye of Institutions
March 23, 2017 Benjamin Lawrence
According to the SEC’s latest filings, institutions owning shares of Globalstar, Inc. (:GSAT) have increased their transactions by 9.42%. Institutions now own 30.50% of the company.
Organizations that control large sums of money, like pension funds, insurance companies or mutual funds, who buy stocks are known as institutional investors. Compared to individual investors, institutional investors trade in large blocks, 10,000 or more shares per transaction. These large trades can affect the price of a commodity significantly.
Investors look favorably upon stocks with a large amount of institutional ownership. These large entities often hire a team of analysts to perform research prior to the group purchasing a company’s stock. Because of the large research investment made, institutions aren’t quick to sell their position.
Institutions may also influence the price of a stock after acquiring a position by using TV shows, articles in high-profile newspapers or magazines and presentations at investor conferences to help drive the price higher, increasing the value of the share.
PROS AND CONS
Is institutional ownership a good thing or a bad thing? This is a matter of debate. In his best-selling book, “One Up on Wall Street”, Peter Lynch lists thirteen characteristics of “the perfect stock.” Regarding institutional ownership, he says: “Institutions don’t own it and the analysts don’t follow it”. He sees commodities that the big investment groups ignore as having the potential to be undervalued.
In comparison, William O’Neil, founder of Investor’s Business Daily, thinks that institutional investors provide the largest source of stock demand. Something needed to increase the price of a share. He says that if a stock has no institutional owners, there is a reason for it. They’ve checked it out and passed. He looks at institutional ownership as a desirable characteristic in stocks, as noted in his book, “How to Make Money in Stocks”.
Both agree that institutional ownership can be a dangerous thing because they move in and out of the market in tremendous blocks, so the stock’s value can plunge if they sell off.
TECHNICAL INDICATORS
Globalstar, Inc. (:GSAT) stock stands 10.88% away from its 50-day simple moving average and also 30.53% away from the 200-day average. Recently, the commodity stands -46.00% away from the 52-week high and 157.14% from the 52-week low. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 65.95 for Globalstar, Inc. (:GSAT).
Recent GSAT News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:34:17 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/17/2024 12:02:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:25:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:24:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 09:26:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:15:09 PM
- Globalstar Announces First Quarter 2024 Financial Results and Operational Updates • Business Wire • 05/08/2024 08:15:00 PM
- Globalstar, Inc. Earnings Release and Call Notice • Business Wire • 05/03/2024 09:03:00 PM
- Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand Giveaway • Business Wire • 04/24/2024 12:30:00 PM
- Globalstar to Participate in Upcoming Investor Conferences • Business Wire • 04/18/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 01:29:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 01:51:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 01:51:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 01:51:31 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/29/2024 01:41:18 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 01:06:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 01:15:47 PM
- Globalstar Announces 2023 Financial Results • Business Wire • 02/28/2024 01:15:00 PM
- Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer • Business Wire • 02/23/2024 02:00:00 PM
- Globalstar, Inc. Earnings Release and Call Notice • Business Wire • 02/16/2024 09:53:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:30:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:29:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:28:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:27:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:19:48 PM
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