Globalstar, Inc. (NASDAQ:GSAT) shares are tumbling on Monday as traders reassess the run-up tied to takeover chatter and hedge-fund positioning that helped push the stock to multi-year highs. Here’s what investors need to know.

Takeover Chatter Keeps Globalstar In Focus After Sharp Run

The stock surged last week on initial chatter that Amazon.com Inc (NASDAQ:AMZN) could pursue Globalstar, and traders are still weighing whether that speculation could ultimately lead to a premium bid.

But the setup did not emerge out of nowhere. Hedge funds were already building positions in the fourth quarter of 2025, suggesting sophisticated investors had started to see value in the name well before the latest chatter.

Soros Fund Management initiated a position at an average price near $48, while AQR Capital built a stake with an average entry in the mid-$30s. Millennium Management also opened a new position.

Amazon is targeting deployment of roughly 1,600 satellites by mid-2026. Even so, sympathy-driven moves can fade quickly when traders shift from broad sector excitement to harder questions around valuation, strategy and actual deal probability.

The broader tape is also constructive Monday afternoon, with the S&P 500 up 0.28% and the Nasdaq-100 up 0.42%.

GSAT Pulls Back After Testing Fresh Breakout Territory

At $73.41, Globalstar is pulling back from a fresh breakout zone near the 52-week high, which suggests buyers are pausing after a sharp momentum stretch. Moving-average data isn't available here (20/50/100/200-day simple moving average (SMA), the stock's average price over those windows), so the chart read leans more on range levels and prior turning points.

The stock is still near the top of its 52-week range ($17.24 low to $78.30 high), which indicates the longer-term trend remains stretched upward even after today's dip. That context matters because the most recent 52-week high was set on April 2, and the stock also broke above resistance that same day—often a spot where failed follow-through can trigger quick profit-taking.

In April, the death cross (50-day SMA falling below the 200-day SMA) flagged a bearish trend phase, but the golden cross in August (50-day SMA rising back above the 200-day SMA) later signaled trend repair as momentum returned. Separately, RSI entered overbought territory on 2025-12-10, which fits the idea that GSAT can get extended and then snap back when positioning gets crowded.

  • Key Resistance: $75.00 — a recent ceiling where rallies have recently stalled.
  • Key Support: $73.50 — a near-term area that can act as a first "line in the sand" after a pullback.

May Earnings Could Be The Next Major Stock Catalyst

Looking further out, the next major catalyst for the stock arrives with the May 7 (estimated) earnings report.

  • EPS Estimate: Loss of 1 cent (Up from Loss of 16 cents YoY)
  • Revenue Estimate: $70.59 million (Up from $60.03 million YoY)

GSAT Shares Edge Lower Monday Afternoon

GSAT Stock Price Activity: Globalstar shares were down 5.72% at $73.28 at the time of publication on Monday, according to Benzinga Pro data.

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