On Tuesday, shares of GlobalFoundries Inc (GFS) rose above their 200-day moving average of $39.56, trading as high as $40.49, marking a 5.6% increase for the day. The stock’s recent performance shows a 52-week low of $29.77 and a high of $61.98, with the last trade recorded at $40.02.
The movement above the 200-day moving average indicates a potential bullish trend for the company, reflecting increased investor confidence.
