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. Sixth Street Specialty Lending Inc shares valued at $10,225 were purchased by Graf Michael on Aug 07 ’24. At $20.45 per share, Graf Michael acquired 500 shares. The insider’s holdings grew to 4,505 shares worth approximately $92127.25 following the completion of this transaction.
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Also, Slotkin Judy S purchased 7,015 shares, netting a total of over 139,598 in proceeds. Following the buying of shares at $19.90 each, the insider now holds 18,726 shares.
Before that, Covington P Emery had added 7,500 shares to its account. In a trade valued at $161,280, the Director bought Sixth Street Specialty Lending Inc shares for $21.50 each. Upon closing the transaction, the insider’s holdings increased to 7,500 shares, worth approximately $0.15 million.
As published in a research note from B. Riley Securities on November 06, 2023, Sixth Street Specialty Lending Inc [TSLX] has been rated down from a Buy to a Neutral and the price target has been revised to $22. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of May 06, 2021, Ladenburg Thalmann has decreased its “Buy” rating to a “Neutral” for TSLX. Earlier on April 16, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for TSLX stock.
Analyzing TSLX Stock Performance
During the last five days, there has been a drop of approximately -3.31%. Over the course of the year, Sixth Street Specialty Lending Inc shares have dropped approximately -4.45%. Shares of the company reached a 52-week high of $22.35 on 01/29/24 and a 52-week low of $19.50 on 08/05/24. A 50-day SMA is recorded $21.02, while a 200-day SMA reached $21.29. Nevertheless, trading volume fell to 0.55 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Sixth Street Specialty Lending Inc (TSLX)
According to the 24-hour chart, there is a support level at 20.30, which, if violated, would cause prices to drop to 20.14. In the upper region, resistance lies at 20.71. The next price resistance is at 20.96. RSI (Relative Strength Index) is 36.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 95.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
