{
  "id": 17346885,
  "title": "GlobalFoundries CLO Samak Azar sells $15,198 in shares",
  "url": "https://urgent.news/2026/10/31/globalfoundries-clo-samak-azar-sells-15-198-in-shares",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-31T05:15:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/globalfoundries-clo-samak-azar-sells-15198-in-shares-93CH-4989103"
  },
  "original_language": "en",
  "account": "GlobalFoundries Inc., a semiconductor manufacturing company, recently saw Chief Legal Officer Samak L. Azar sell 335 ordinary shares of the company, totaling $15,198. This sale happened on October 29, 2026, after the GFS stock had declined by 35% over the past six months, trading at $41.90 with a market cap of $25.16 billion. Despite this, the company's profitability is expected in four days, according to InvestingPro analysis. The shares were sold under a Rule 10b5-1 trading plan, and Mr. Azar directly holds 7,454 ordinary shares of GLOBALFOUNDRIES following the sale. Investors can find a Pro Research Report on InvestingPro for further insights into GFS's financial health. The earnings report of GlobalFoundries Inc. is scheduled for November 4, with options data indicating a potential stock movement of 9.1%. The company is also set to take part in a U.S.-Japan initiative for two 300mm fabrication facilities in Malta, New York, with funding of up to $21 billion, including a first facility valued at approximately $10 billion to be operational in 2029. Recent developments, including a recent downgrade by BNP Paribas Exane to Neutral from Outperform, emphasize the semiconductor industry's evolving landscape.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}