The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. WhiteHorse Finance Inc shares valued at $12,150,000 were sold by TAMER ANTHONY on May 29 ’24. At $12.15 per share, TAMER ANTHONY sold 1,000,000 shares. The insider’s holdings dropped to 3,976,258 shares worth approximately $50.1 million following the completion of this transaction.
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Also, MNAYMNEH SAMI sold 1,000,000 shares, netting a total of over 12,150,000 in proceeds. Following the sale of shares at $12.15 each, the insider now holds 3,976,258 shares.
As published in a research note from B. Riley Securities on January 08, 2024, WhiteHorse Finance Inc [WHF] has been rated down from a Buy to a Neutral and the price target has been revised to $13.25. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. Earlier on September 06, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for WHF stock which previously was a “a Neutral”.
Analyzing WHF Stock Performance
During the last five days, there has been a surge of approximately 3.96%. Over the course of the year, WhiteHorse Finance Inc shares have jumped approximately 2.44%. Shares of the company reached a 52-week high of $13.44 on 05/28/24 and a 52-week low of $12.00 on 04/08/24. A 50-day SMA is recorded $12.83, while a 200-day SMA reached $12.56.
Support And Resistance Levels for WhiteHorse Finance Inc (WHF)
According to the 24-hour chart, there is a support level at 12.44, which, if violated, would cause prices to drop to 12.25. In the upper region, resistance lies at 12.77. The next price resistance is at 12.91. RSI (Relative Strength Index) is 49.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 55.00%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
