Globalstar Target of Unusually Large Options Trading (NYSEAMERICAN:GSAT)

Globalstar, Inc. (NYSEAMERICAN:GSAT) saw unusually large options trading on Wednesday. Investors bought 22,956 call options on the stock. This represents an increase of 64% compared to the average daily volume of 14,006 call options.

Globalstar Trading Down 16.8 %

Shares of GSAT stock traded down $0.32 during trading hours on Wednesday, reaching $1.59. The company had a trading volume of 52,189,337 shares, compared to its average volume of 13,879,313. Globalstar has a twelve month low of $1.00 and a twelve month high of $2.74.

Globalstar Company Profile

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.