Sound Point Meridian Capital Inc Price & Performance (SPMC)

Oppenheimer & Co. Inc. has increased its stake in Sound Point Meridian Capital, acquiring an additional 2,145 shares during the fourth quarter. This represents a 15.6% rise in holdings, bringing the firm's total ownership to 15,920 shares. The investment company now holds approximately 0.08% of Sound Point Meridian Capital's stock, valued at $333,000.1

Technical data for Sound Point Meridian Capital (SPMC) highlights key trading levels. Support at $19.62 signals a buy opportunity, while resistance at $21.65 suggests a short signal. For day traders, breaking above $21.01 indicates a buy, whereas testing resistance at the same level suggests shorting with a downside target of $20.81.2

Sound Point Meridian Capital's long-term trading strategies recommend buying near $19.41 with a target of $21.34, while shorting slightly below $21.34 targets $19.41. These levels reflect technical resistance and support, offering traders defined risk and reward scenarios. Such strategies cater to investors seeking stability in fluctuating market conditions.3