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Potential Price Increase for Carlyle Secured Lending Inc (CGBD) After Recent Insider Activity

In a filing, Carlyle Secured Lending Inc revealed its CFO Hennigan Thomas M unloaded Company’s shares for reported $64255.0 on Jul 25 ’24. In the deal valued at $18.10 per share,3,550 shares were sold. As a result of this transaction, Hennigan Thomas M now holds 2,360 shares worth roughly $39388.4.

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Then, Popov Alexander bought 5,000 shares, generating $73,900 in total proceeds. Upon buying the shares at $14.78, the VP and Head of Illiquid Credit now owns 32,977 shares.

JP Morgan downgraded its Carlyle Secured Lending Inc [CGBD] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late July with a ‘”a Neutral”‘ rating. JP Morgan also remained covering CGBD and has decreased its forecast on September 06, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Oppenheimer started covering the stock on December 16, 2021. It rated CGBD as “a Perform”.

Price Performance Review of CGBD

On Tuesday, Carlyle Secured Lending Inc [NASDAQ:CGBD] saw its stock fall -0.60% to $16.69. Over the last five days, the stock has gained 3.54%. Carlyle Secured Lending Inc shares have risen nearly 12.54% since the year began. Nevertheless, the stocks have risen 14.82% over the past one year. While a 52-week high of $18.74 was reached on 07/17/24, a 52-week low of $13.14 was recorded on 02/08/24. SMA at 50 days reached $17.57, while 200 days put it at $16.38.

Levels Of Support And Resistance For CGBD Stock

The 24-hour chart illustrates a support level at 16.61, which if violated will result in even more drops to 16.52. On the upside, there is a resistance level at 16.83. A further resistance level may holdings at 16.97. The Relative Strength Index (RSI) on the 14-day chart is 42.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.02%. Stochastics%K at 59.13% indicates the stock is a holding.

How much short interest is there in Carlyle Secured Lending Inc?

A steep rise in short interest was recorded in Carlyle Secured Lending Inc stocks on 2024-07-31, dropping by -0.37 million shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.73 million shares. There was a decline of -102.82%, which implies that there is a negative sentiment for the stock.

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