The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Capital Southwest Corporation shares valued at $15,784 were purchased by Rogers-Windsor Ramona Lynn on Jun 22. At $18.57 per share, Rogers-Windsor Ramona Lynn acquired 850 shares. The insider’s holdings grew to 4,130 shares worth approximately $75661.6 following the completion of this transaction.
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Also, Rogers-Windsor Ramona Lynn purchased 750 shares, netting a total of over 17,861 in proceeds. Following the buying of shares at $23.81 each, the insider now holds 3,230 shares.
Before that, Brooks David R had added 2,000 shares to its account. In a trade valued at $47,858, the Director bought Capital Southwest Corporation shares for $23.93 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.59 million.
As published in their initiating research note from Oppenheimer on September 24, 2021, Capital Southwest Corporation [CSWC] has been a Perform. Analysts at Hovde Group started covering the stock with ‘”an Outperform”‘ outlook in a report released in early March. Earlier on March 17, 2020, National Securities upgraded its rating. Their new recommendation was “a Buy” for CSWC stock which previously was a “a Neutral”.
Analyzing CSWC’s Price Performance
On Wednesday, Capital Southwest Corporation [NASDAQ: CSWC] plunged -1.72% to $18.32. The stock’s lowest price that day was $18.32, but it reached a high of $18.65 in the same session. During the last five days, there has been a drop of approximately -2.35%. Over the course of the year, Capital Southwest Corporation shares have dropped approximately -26.98%. Shares of the company reached a 52-week high of $26.61 on 02/01/22 and a 52-week low of $17.79 on 06/16/22. A 50-day SMA is recorded $22.24, while a 200-day SMA reached $24.77.
Support And Resistance Levels for Capital Southwest Corporation (CSWC)
According to the 24-hour chart, there is a support level at 18.21, which, if violated, would cause prices to drop to 18.10. In the upper region, resistance lies at 18.54. The next price resistance is at 18.76. RSI (Relative Strength Index) is 25.44 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 88.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
In terms of Capital Southwest Corporation share price expectations, FactSet research, analysts set an average price target of $25.33 in the next 12 months, up nearly 36.8% from the previous closing price of $18.64. Analysts anticipate Capital Southwest Corporation stock to reach $27.00 by 2022, with the lowest price target being $23.00. In spite of this, 6 analysts ranked Capital Southwest Corporation stock as an Overweight at the end of 2022.