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Checking in on Goldman Sachs BDC Inc (GSBD) after recent insiders movement

Goldman Sachs BDC Inc’s filing revealed that its insider Lanza John unloaded Company’s shares for reported $16062.0 on Nov 22 ’24. In the deal valued at $12.85 per share,1,250 shares were sold. As a result of this transaction, Lanza John now holds 0 shares worth roughly $0.0.

Wells Fargo upgraded its Goldman Sachs BDC Inc [GSBD] rating to an Equal weight from a an Underweight in a research note published on August 12, 2024; the price target was decreased to $12 from $14. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late May from “an Equal weight” to “an Underweight”. Wells Fargo revised its rating on February 28, 2022. It rated GSBD as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of GSBD

On Tuesday, Goldman Sachs BDC Inc [NYSE:GSBD] saw its stock fall -2.12% to $11.98. Over the last five days, the stock has lost -4.77%. Goldman Sachs BDC Inc shares have fallen nearly -0.99% since the year began. Nevertheless, the stocks have fallen -22.21% over the past one year. While a 52-week high of $15.94 was reached on 02/19/25, a 52-week low of $11.72 was recorded on 01/10/25. SMA at 50 days reached $12.61, while 200 days put it at $13.75.

Levels Of Support And Resistance For GSBD Stock

The 24-hour chart illustrates a support level at 11.84, which if violated will result in even more drops to 11.71. On the upside, there is a resistance level at 12.19. A further resistance level may holdings at 12.41. The Relative Strength Index (RSI) on the 14-day chart is 30.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.80%. Stochastics %K at 8.12% indicates the stock is a buying.

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