Globalstar (NYSE:GSAT – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.
Globalstar Stock Down 5.5 %
NYSE GSAT opened at $1.90 on Monday. Globalstar has a twelve month low of $1.00 and a twelve month high of $2.13.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Globalstar stock. Charles Schwab Investment Management Inc. lifted its stake in Globalstar, Inc. (NYSE:GSAT – Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,186,012 shares of the company’s stock after purchasing an additional 196,644 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Globalstar were worth $7,671,000 at the end of the most recent quarter.
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