GSAT - Globalstar Director Makes $7.72M Stock Purchase | Benzinga
James Monroe III, Director at Globalstar (AMEX:GSAT), reported a large insider buy on September 7, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that III purchased 5,080,416 shares of Globalstar. The total transaction amounted to $7,722,232.
Globalstar shares are trading down 1.35% at $1.46 at the time of this writing on Friday morning.
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Why Insider Transactions Are Important
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