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. SLR Investment Corp shares valued at $399,500 were purchased by Roberts Andrea Colvin on Jun 14 ’24. At $15.98 per share, Roberts Andrea Colvin acquired 25,000 shares. The insider’s holdings grew to 25,000 shares worth approximately $0.4 million following the completion of this transaction.
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Also, GROSS MICHAEL S purchased 22,636 shares, netting a total of over 356,291 in proceeds. Following the buying of shares at $15.74 each, the insider now holds 3,804,860 shares.
Before that, SPOHLER BRUCE J had added 22,636 shares to its account. In a trade valued at $356,291, the insider bought SLR Investment Corp shares for $15.74 each. Upon closing the transaction, the insider’s holdings increased to 22,636 shares, worth approximately $58.25 million.
As published in a research note from Ladenburg Thalmann on August 11, 2023, SLR Investment Corp [SLRC] has been rated down from a Buy to a Neutral. Analysts at B. Riley Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in late July. As of February 06, 2023, Compass Point has decreased its “Buy” rating to a “Neutral” for SLRC. Earlier on November 09, 2022, Compass Point upgraded its rating. Their new recommendation was “a Buy” for SLRC stock which previously was a “a Neutral”.
Analyzing SLRC Stock Performance
During the last five days, there has been a drop of approximately -0.25%. Over the course of the year, SLR Investment Corp shares have jumped approximately 6.39%. Shares of the company reached a 52-week high of $16.77 on 06/12/24 and a 52-week low of $14.70 on 02/14/24. A 50-day SMA is recorded $16.04, while a 200-day SMA reached $15.30. Nevertheless, trading volume fell to 53441.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for SLR Investment Corp (SLRC)
According to the 24-hour chart, there is a support level at 16.00, which, if violated, would cause prices to drop to 15.89. In the upper region, resistance lies at 16.20. The next price resistance is at 16.28. RSI (Relative Strength Index) is 46.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 29.17%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
