FS Investment Corporation (NYSE:FSIC) : During the past 4 weeks, traders have been relatively bearish on FS Investment Corporation (NYSE:FSIC), hence the stock is down -0.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.72% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.55% in the last 1 week, and is up 1.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -11.09% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $10.40 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $8.94 and the 200 Day Moving Average price is recorded at $8.79.
The stock has recorded a 20-day Moving Average of 2.92% and the 50-Day Moving Average is 3.43%.
FS Investment Corporation (NYSE:FSIC): On Fridays trading session , Opening price of the stock was $9.18 with an intraday high of $9.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.09. However, the stock managed to close at $9.14, a loss of 0.22% for the day. On the previous day, the stock had closed at $9.16. The total traded volume of the day was 938,371 shares.
In an insider trading activity, Chandler Gregory P, Director of FS Investment CORP, had purchased 1,176 shares on June 24, 2016. The total value of the transaction was $9,726. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
FS Investment Corporation is a non-diversified, closed-end management investment company. The Companys investment objectives are to generate current income and a long-term capital appreciation. Its portfolio consists of investments in senior secured loans and second lien secured loans of private middle market United States companies and subordinated loans of private United States companies. The Company focuses on purchasing interests in loans or making other debt investments, including investments in senior secured bonds, through secondary market transactions in the over-the-counter market or directly from companies it is focused on, as primary market or directly originated investments. It also focuses on purchasing interests in the form of common or preferred equity or the equity-related securities. Its investment activities are managed by FB Income Advisor, LLC. FB Advisor has engaged GSO/Blackstone Debt Funds Management LLC (GDFM), to act as its investment sub-adviser.