The stock of Great Elm Capital Corp. (NASDAQ:GECC) hit a new 52-week low and has $9.77 target or 10.00% below today’s $10.86 share price. The 9 months bearish chart indicates high risk for the $135.34 million company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $9.77 price target is reached, the company will be worth $13.53M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 12,262 shares traded hands. Great Elm Capital Corp. (NASDAQ:GECC) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
More notable recent Great Elm Capital Corp. (NASDAQ:GECC) news were published by: Globenewswire.com which released: “Great Elm Capital Corp. Announces Successful Completion of the Full Circle …” on November 04, 2016, also Finance.Yahoo.com with their article: “Full Circle Capital Corporation Stockholders Approve Merger With Great Elm …” published on October 31, 2016, Streetinsider.com published: “Full Circle Capital (FULL) to Merge with Great Elm Capital (GEC)” on June 24, 2016. More interesting news about Great Elm Capital Corp. (NASDAQ:GECC) were released by: Seekingalpha.com and their article: “Great Elm Capital Group, Inc.: A Favorable Risk-Reward Investment Opportunity” published on October 03, 2016 as well as Marketwatch.com‘s news article titled: “Great Elm Capital Group Inc.” with publication date: May 31, 2010.
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