Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.42 million following the completion of this transaction.
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Also, GROSS MICHAEL S purchased 46,700 shares, netting a total of over 734,124 in proceeds. Following the buying of shares at $15.72 each, the insider now holds 3,782,224 shares.
Before that, GROSS MICHAEL S had added 46,700 shares to its account. In a trade valued at $721,048, the insider bought SLR Investment Corp shares for $15.44 each. Upon closing the transaction, the insider’s holdings increased to 46,700 shares, worth approximately $62.05 million.
As published in a research note from JP Morgan on July 29, 2024, SLR Investment Corp [SLRC] has been rated down from a Neutral to an Underweight and the price target has been revised to $15 from $15.50. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of July 28, 2023, B. Riley Securities has initiated its “Neutral” rating for SLRC. Earlier on February 06, 2023, Compass Point downgraded its rating. Their new recommendation was “a Neutral” for SLRC stock which previously was a “a Buy”.
Analyzing SLRC Stock Performance
During the last five days, there has been a surge of approximately 1.10%. Over the course of the year, SLR Investment Corp shares have jumped approximately 10.51%. Shares of the company reached a 52-week high of $16.77 on 06/12/24 and a 52-week low of $14.41 on 08/05/24. A 50-day SMA is recorded $15.50, while a 200-day SMA reached $15.57. Nevertheless, trading volume fell to 0.19 million shares from 0.2 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 16.55, which, if violated, would cause prices to drop to 16.48. In the upper region, resistance lies at 16.68. The next price resistance is at 16.75. RSI (Relative Strength Index) is 70.14 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 12.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
