Price Actions Raise Questions : WhiteHorse Finance, Inc. (WHF), W. R. Grace & Co. (GRA)

The stocks of WhiteHorse Finance, Inc. (NASDAQ:WHF) has been Upgraded as a Buy from Neutral by National Securities in its latest research note that was published on November 11. The stock also received a Neutral rating from National Securities with the price target of $14. This was contained in a research note published by the firm on October 23. The stock received a Outperform to Perform rating in Oppenheimer’s research note that was published on August 08.

WhiteHorse’s stock is covered by 7 analysts, with 4 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 1 of them have rated it as a Hold while 1 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 3 analysts. 1 of them rated it as strong buy with 2 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that WHF has an average analyst rating of Overweight.

WHF surged by $0.04 during the normal trading session on Monday and reaching a high of $14.38 during the day while it closed the day at $14.27. The WhiteHorse stock had a low trading volume of 0.10 million shares on that day, which is low compared to the average daily volume of 68.39M shares. WHF has also gained 0.56% of its value over the past 7 days. However, the stock has surged by 8.53% in the 3 months of the year. Over the past six months meanwhile, it has lost 0.22% while it has added 13.74% year-on date.

Shares in W. R. Grace & Co. (NYSE:GRA) fell by -0.09 percent on Monday. The company’s stock began trading at $66.77 below the previous closing price of $66.83, and finished the day at $66.45. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -7.27% from its 3 months high price. However, taking another look at GRA will indicate that it is trading +4.25% away from its 90-day low. Looking at the bigger picture, the W. R. Grace & Co. stock has dropped by -16.64% from its 52-week high while it has surged by +12.21% from its 52-week low price.

On August 26, 2019 40 NORTH LATITUDE MASTER FUND, 10% Owner bought 28,487 shares of the company. The average price for that transaction was $64.87 per share, which meant that 40 NORTH LATITUDE MASTER FUND spent $1,847,952.00 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with 10% Owner, 40 NORTH LATITUDE MASTER FUND purchasing 106,608 shares of this stock on August 22, 2019. The average purchasing price for the stock was $64.65 per share, with the purchased stock accruing $6,892,207.00. Following this transaction, the insider now holds 9,836,521 shares of the company, which is worth around $141,000,000.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that GRA stock was rated as a Hold by TrendSpotter. Its short-term indicators reveal that W. has a 20-day average volume of 327580 shares. This has led to the GRA price forecast being placed as a 50% Sell on an average basis. In the medium term, however, the GRA stock has its 50-Day average volume of 398280 shares, with the indicators also rating it as a 100% Sell. Finally, in the long-term, the GRA stocks have a 100-Day average volume of 496708 shares, with the long-term indicators rating the stock as just 100% Sell.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 47.84%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 3.43%. Over the past 20 days, W.’s Stochastic %K stood at 17.03% while its Stochastic %D was revealed to be 28.25%.