Globalstar Inc. (GSAT) SVP & CFO Fuad Ahmad sells 895,927 Shares

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Sep 03, 2009
SVP & CFO of Globalstar Inc. (GSAT, Financial) Fuad Ahmad sells 895,927 shares of GSAT on 08/31/2009 at an average price of $0.83 a share.

GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar's products include mobile and fixed satellite telephones simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas government mining forestry commercial fishing utilities military transportation heavy construction emergency preparedness and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking data monitoring and SCADA applications. Globalstar Inc. has a market cap of $105.2 million; its shares were traded at around $0.8059 with and P/S ratio of 1.3.

Recent Trades of Globalstar Inc. by CEO:
  • Buy: CEO, 10% Owner James Iii Monroe bought 645,161 shares of GSAT stock on 05/12/2009 at the average price of $0.78; the price of the stock has increased by 3.32% since.

  • Buy: CEO, 10% Owner James Iii Monroe bought 746,269 more shares of GSAT stock on 04/29/2009 at the average price of $0.67; the price of the stock has increased by 20.28% since.



Recent Trades of Globalstar Inc. by CFO:
  • Sell: SVP & CFO Fuad Ahmad sold 20,000 shares of GSAT stock on 08/28/2009 at the average price of $0.85; the price of the stock has decreased by 5.19% since.