GlobalFoundries Director Sells Shares Amid Stock Decline
Marc Antaki, a director of GlobalFoundries Inc., sold 1,671 shares on July 29, 2026, to cover tax obligations following the vesting of restricted stock units. The transaction occurred at an average price of $49.02 per share and was non-discretionary in nature. GlobalFoundries has a market capitalization of $27.4 billion with TTM revenue of $6.8 billion and net income of $778 million. Its stock recently fell below the high-$50s level seen earlier in July, reflecting broader sector concerns ahead of its Q2 earnings report on August 5. The company specializes in semiconductor manufacturing for a range of industries including automotive and telecommunications. Despite recent margin improvements to 29%, investor sentiment has been affected by market dynamics impacting semiconductor stocks.
Tickers: $GFS
Topics: executive activity semiconductors stock price movement