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Globalstar (GSAT) Looks Good: Stock Adds 8.9% in Session

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Zacks Equity Research
·2-min read
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Globalstar, Inc. GSAT was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $0.29 to $0.34 in the past one month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Globalstar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Globalstar, Inc. Price

Globalstar, Inc. Price
Globalstar, Inc. Price

Globalstar, Inc. price | Globalstar, Inc. Quote

A better-ranked stock in the Satellite and Communication industry is Iridium Communications Inc. IRDM, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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