Bolt Projects Holdings: Golden Arrow Sponsor Sells 205759 Shares at $3.43/Share

Bolt Projects Holdings, Inc. [BSLK] has announced that Golden Arrow Sponsor, LLC, a 10% owner of the company, has sold 205,759 shares at a price of $3.43 per share on July 8, 2025.

Bolt Projects Holdings, Inc. [BSLK] experienced significant volatility in its stock price on July 9, 2025, following the announcement that Golden Arrow Sponsor, LLC, a 10% owner of the company, sold 205,759 shares at a price of $3.43 per share on July 8, 2025 [1].

The stock price fell by -19.23% on Wednesday, July 9, 2025, from $3.38 to $2.73. During the last trading day, the stock fluctuated 19.07% from a day low at $2.57 to a day high of $3.06. The price has risen in 6 of the last 10 days and is up by 26.39% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -34 million shares and in total, 589 thousand shares were bought and sold for approximately $1.61 million [1].

The stock lies in the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction, we are not able to give a forecast range for this stock [1].

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The stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.73 and $2.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, July 8, 2025, and so far it has fallen -19.23%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements [1].

On the downside, the stock finds support just below today's level from accumulated volume at $2.55 and $2.26. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bolt Projects Holdings, Inc. finds support just below today's level at $2.55. If this is broken, then the next support from accumulated volume will be at $2.26 and $2.23 [1].

The stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.490 between high and low, or 19.07%. For the last week, the stock has had daily average volatility of 19.36% [1].

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set [1].

For the upcoming trading day on Thursday, July 10, 2025, we expect Bolt Projects Holdings, Inc. to open at $2.79, and during the day (based on 14 day Average True Range), to move between $2.22 and $3.24, which gives a possible trading interval of +/-$0.512 (+/-18.76%) up or down from last closing price. If Bolt Projects Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 37.53% move between the lowest and the highest trading price during the day. Since the stock is closer to the support from accumulated volume at $2.55 (6.59%) than the resistance at $3.06 (12.09%), our systems see the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance [1].

Bolt Projects Holdings, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture, we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate [1].

Current score: -3.512 Sell Candidate Downgraded
Predicted Fair Opening Price
Predicted fair opening price on July 10, 2025 - $2.79 (2.08%) [1].

References:

[1] https://stockinvest.us/stock/BSLK
[2] https://www.stocktitan.net/sec-filings/SSRM/form-4-a-ssr-mining-inc-amended-insider-trading-activity-b9cecf9c8d58.html