GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares

An insider at GlobalFoundries (NASDAQ:GFS), Samak Azar, sold 335 shares of the company's stock for approximately $16,177 under a pre-arranged trading plan. This transaction reduced the insider's ownership by 2.84%. The company recently reported adjusted earnings of $0.46 per share and revenue of $1.79 billion, exceeding analyst estimates, and has a consensus "Hold" rating with an average price target of $75.11.