Globalstar, headquartered in Covington, Louisiana, provides mobile satellite services for voice and data communications through its global satellite network, employing 348 full-time staff since its IPO on November 2, 2006. Their offerings include two-way communication via devices like the GSP-1600 and GSP-1700 phones and various tracking and monitoring services.
Paul E Jacobs sold 14,539 shares of GSAT on 6 January at $2.19 per share, worth a total of $32K. They now own 84,815 GSAT shares, or a 15% holding decrease.
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