Globe Telecom, Inc. (OTCMKTS:GTMEF – Get Free Report) dropped 17.8% during mid-day trading on Tuesday. The company traded as low as $21.67 and last traded at $21.67. Approximately 200 shares were traded during trading, an increase of 100% from the average session volume of 100 shares. The stock had previously closed at $26.35.
Globe Telecom Stock Down 17.8%
The business has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $31.57.
About Globe Telecom
Globe Telecom, Inc is a Philippine telecommunications company that provides wireless, broadband, fixed-line, and digital communication services. The company serves individual consumers, households, businesses, and government organizations throughout the Philippines.
Its consumer offerings include mobile voice, messaging, data, prepaid and postpaid plans, home broadband, and entertainment services marketed under brands such as Globe and TM. Globe also provides fixed connectivity and information and communications technology solutions through its enterprise business, including managed connectivity, cloud, cybersecurity, data center, and other digital services.
Globe Telecom has expanded beyond traditional telecommunications through digital platforms and financial technology investments, including its involvement with Mynt, the company associated with the GCash mobile wallet.
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