GlobalFoundries Inc. (NASDAQ:GFS) traded today at a new 52-week high of $66.00. This new high was reached on below average trading volume as 802,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
In the past 52 weeks, shares of GlobalFoundries Inc. have traded between a low of $44.48 and a high of $66.00 and is now at $61.70, which is 39% above that low price.
GLOBALFOUNDRIES Inc. is a semiconductor foundry. It manufactures complex ICs that enable electronic devices that are pervasive in every sector of the economy. It derives revenue primarily from fabricating semiconductor wafers using the company’s manufacturing processes for the company’s customers based on their proprietary integrated circuit designs and, from design, mask making, bumping, probing, assembly, and testing services.
There is potential upside of 15.2% for shares of GlobalFoundries Inc. based on a current price of $61.70 and an average consensus analyst price target of $71.09.
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