Strength Seen in Great Elm Capital (GECC): Can Its 5.6% Jump Turn into More Strength?

Great Elm Capital (GECC) shares rallied 5.6% in the last trading session to close at $8.1. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 32.1% loss over the past four weeks.As the Federal Reserve cut interest rates last month and hinted at more rate cuts this year, loan demand has increased for BDCs given the decline in borrowing costs. This positive development probably drove the Great Elm Capital stock hi ...