GFS Stock Forecast — 2022, 2023, 2024, 2025, 2030
The quiet time at GFS Shares ends on Tuesday, December 7th. On October 28th, the firm of GFS Shares issued 55,000,000 GFS Shares in its first public offering. Depending on an initial GFS Share price of $47.00, the total amount of the offering was $2,585,000,000. Because of Securities and Exchange Commission laws, executives and underwriters engaged in the IPO are prohibited from providing any revenue projections or research papers for the firm during the firm’s quiet time. Immediately after the end of the firm’s quiet time, the brokerages that worked as underwriters on the GFS Shares are likely to begin research coverage on the firm.
In today’s article, we will talk about GFS Stock Forecasts that we have researched in detail for you. In addition, we have included detailed information in our article so that you can review the current value of GFS Share price. We have also shared future price predictions (GFS Stock Forecast 2022, 2023, 2024, 2025, 2030) for you.
Please note that the GFS Stock forecasts in our article are for today and may change tomorrow and after.
What Does GlobalFoundries Do?
The company of Gordon Food Stock is a food distribution company. Beverages, dairy, disposables, fresh produce, frozen foods, meats, poultry, fish, baked products, tabletop items, and hygiene products are all available from the firm. The company of Gordon Food Stock distributes its products across the United States.
Also, the company of Gordon Foods Stock is one of the world’s major semiconductor makers, having a genuinely worldwide reach. By inventing feature-rich manufacturing technology solutions that enable leading performance in widespread larger markets, they are redefining innovation and semiconductor production.
Moreover, Gordon Foods Stock’s company operates five worldwide production facilities in the United States; Dresden, Germany; and Singapore.
Who Is the CEO of GlobalFoundries?
The CEO of Gordon Foods Stock’s company is Jim Gordon (November 1, 2010-).
Does GlobalFoundries Have Stock?
Yes, we will give you information about this, Gordon Food Service Stock, in this article.
Before moving on to the GFS Stock price and GFS Stock forecast topics in detail, let’s take a glance at the general information about the company and the stock.
- Exchange: NASDAQ-GS
- Today’s High/Low of GFS Stock Price: $49.48 / $45.61
- Gordon Foods Stock Volume: 4,639,435
- Gordon Food Service Stock Price Previous Close: $46.40
- 52 Week High/Low of Gordon Food Service Stock Price: $48.00 / $44.48
- Gordon Foods Stock’s Market Cap: 26,060,566,055
Is Gordon Foods Publicly Traded?
Gordon Food Service Stock is the twenty-second biggest privately held firm in the United States, as per Forbes Magazine.
When Did GFS Shares IPO?
On Thursday, October 28th, 2021, Gordon Food Service Stock gained $2.4 billion in an initial public offering (IPO). The corporation released 55,000,000 GFS Shares at a Gordon Food Service Stock price range of $42.00-$47.00 per stock.
Does Gordon Food Service Stock Pay Dividends?
GLOBALFOUNDRIES INC does not pay a dividend.
What Is GlobalFoundries Stock Symbol?
Let’s answer one of the most asked questions about this stock, that is ‘What Is the Stock Symbol for GlobalFoundries?’
GFS Shares are being listed on the NASDAQ under the stock ticker “GFS.”
GFS Share Price Today
GFS Share price is now trading at about $48.74 per share, which means +2.34 (5.04%) today. Also, the current opening GFS Share price is $46. What is more, today’s highest GFS Share price is $49.48, and the lowest GFS Share price is $45.61.
- Previous Close of GFS Stock Price: $40
- Opening GFS Stock Price: $46.00
- Bid: 52.00 x 1200
- Ask: 52.99 x 800
- Today’s GFS Stock Price Range: 45.65 49.48
- 52 Week GFS Stock Price Range: 44.48 49.48
- Gordon Food Service Stock Price Volume: 4,639,435
- Volume of Gordon Food Service Stock Price: 11,511,750
Where Can I Purchase GFS Shares?
GFS shares can be acquired using any online trading platform, such as Robinhood, WeBull, TD Ameritrade, Vanguard Brokerage Services, E*TRADE. Fidelity, and Charles Schwab, which are among of the most popular online trading platform providing access to the US stock market.
Who Owns Gordon Food Service Stocks?
Here are some firms that are related to GFS Shares include Aberdeen Standard Global Infrastructure Income Fund (ASGI), 8i Acquisition 2 (LAXXU), Abri SPAC I (ASPAU), Achari Ventures Holdings Corp I (AVHIU), AEA-Bridges Impact (RICOU), Accretion Acquisition (ENERU), ACE Convergence Acquisition (ACEVU), Ackrell SPAC Partners I (ACKIU), Adara Acquisition (ADRAU), Adit EdTech Acquisition (ADEXU).
GFS Stock Forecast – 2022, 2023, 2024, 2025, 2030 News
Solo Brands, renowned for its grilling and fire pits, and Fluence Energy, an electrical energy storage startup, both climbed on their first day of investing, but chipmaker GlobalFoundries fell below its initial offer, which makes the GFS Stock forecast prices lower.
Each GlobalFoundries and Fluence debuted on the Nasdaq, while Solo debuted on the New York Stock Exchange.
Several firms were slated to go public this week. On Wednesday, three new businesses opened their doors. Rent the Runway, online clothes renting firm, has plummeted 8% from its initial public offering price of $23. GFS Stock forecasts, among the most expected offers of the year, has become the latest to go below its listing price. The stock began at $47 on Thursday, soared at $48 and closed at $46.40, a 1.3% decrease from its listing price. GlobalFoundries is basically a “broken deal” since it did not achieve the very first day profit that many IPO stakeholders expect, due to the GFS Stock forecasts.
GlobalFoundries manufactures electronic components that are utilized in products like as smart phones, home computers, and automobiles. When Advanced Micro Devices (AMD) broke out its manufacturing activities in 2009, the firm was founded. GlobalFoundries is worth $24.8 billion at $46.40 per share currently.
According to another GFS Stock forecast news, GlobalFoundries is pricing its initial public offering at the high end of the market in order to raise $2.6 billion.
As per the GFS Stock Forecast news on Yahoo Finance, GlobalFoundries Inc announced on Wednesday that it sold Gordon Foods Stocks in its initial public offering (IPO) for $47 per share, at the upper end of its projected price range on the GFS Stock forecast charts, to raise around $2.6 billion.
GlobalFoundries’ IPO values at around $26 billion, making it one of the largest share price flotations in the United States this year.
The IPO saw the sale of 22 million stocks by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co, which has a controlling position in GFS Stock forecasts.
Over than $1 billion was traded in the IPO by funds affiliated with BlackRock Inc, Fidelity Management & Research Company LLC, some affiliates of Koch Strategic Platforms LLC, Columbia Management Investment Advisers LLC, and Qualcomm Inc (QCOM.O). The IPO comes amid as chip demand has soared owing to a critical shortage that has pushed carmakers and other technology companies to reduce output.
During the last year, strong chip demand increased revenue and helped GlobalFoundries shorter term. Also, it put the GFS Stock forecast charts to a higher level.
GlobalFoundries and electric-vehicle manufacturer Rivian are among the flagship offerings of 2021, which also featured Coinbase Global Inc (COIN.O), Robinhood Markets Inc (HOOD.O), and Coupang Inc. GlobalFoundries and electric-vehicle manufacturer Rivian are leading an extremely busy year-end for U.S. IPOs.
Mubadala formed the firm after purchasing Advanced Micro Devices Inc’s (AMD.O) production facilities in 2009 and merging them with Singapore’s Chartered Semiconductor Manufacturing Ltd.
Consumers of GlobalFoundries, which manufactures radio transmission chips for 5G, automobiles, and other specialty electronics, are AMD and Broadcom Inc (AVGO.O).
The world’s third-largest foundry by sales, GlobalFoundries, after Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) and Samsung Electronics Co Ltd (005930.KS), but holds the second position as Samsung’s foundry unit, which creates chips for those other parts of the South Korean corporation, is excluded.
Potential of GlobalFoundries
According to GFS Stock forecast on Benzinga, unavoidably, cynical backgrounds, particularly politics will benefit much of the “new era” story for GFS stock. Whilst squabbling in Washington shows no signs of abating, it’s the global arena with China that has buyers interested in GlobalFoundries.
GlobalFoundries, a subsidiary of Advanced Micro Devices Inc. (NASDAQ: AMD), touts itself as “only scalable pure-play foundry with a worldwide presence that is not situated in China or Taiwan.” Furthermore, company noted in its IPO prospectus that the business assists “clients in mitigating geopolitical risk and providing better supply chain predictability.”
This is where high sentiments transcend business idealization and enter the domain of genuine substance. China has dispatched jets to Taiwan’s defense zone in recent weeks as a display of strength. In reaction, President Biden declared that the United States would come to the island nation’s rescue, raising severe concerns.
Whereas the United States and its allies may decide that defending Taiwan is a part of economic survival, the American people may be sick of years of foreign policy bloodshed.
As a result, GFS stock might be one of the most extraordinarily significant new concerns of 2021, 2022, 2023, 2024, 2025, 2030 if not the most relevant.
In this article, we examined the GFS Stock forecast and the company’s business experience in general with you. We hope that our article has been useful for investors who want to buy GFS Stock.
Please note that this article has been written for informational purposes only and is not investment advice.