FS KKR Capital Corp. (FSK) Becoming More Attractive for Investors

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FS KKR Capital Corp.’s recently made public that its Co-President Gerson Brian acquired Company’s shares for reported $20540.0 on Aug 30. In the deal valued at $20.54 per share,1,000 shares were bought. As a result of this transaction, Gerson Brian now holds 2,547 shares worth roughly $ 52442.73.

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Then, Gerson Brian bought 2,000 shares, generating $40,720 in total proceeds. Upon buying the shares at $20.36, the Co-President now owns 10,109 shares.

Before that, Hopkins Jerel A bought 750 shares. FS KKR Capital Corp. shares valued at $14,990 were divested by the Director at a price of $19.99 per share. As a result of the transaction, Hopkins Jerel A now holds 7,144 shares, worth roughly $0.15 million.

B. Riley Securities initiated its FS KKR Capital Corp. [FSK] rating to a Buy in a research note published on Friday, July 28, 2023; the price target was $21. PT values the company’s stock at a premium of 1.95 to its Friday closing price.

Price Performance Review of FSK

On Friday, FS KKR Capital Corp. [NYSE:FSK] saw its stock jump 0.64% to $20.59. On the same session, the stock had its day’s lowest price of $20.51, but rose to a high of $20.66. Over the last five days, the stock has gained 3.05%. FS KKR Capital Corp. shares have risen nearly 19.02% since the year began. Nevertheless, the stocks have fallen -2.85% over the past one year. While a 52-week high of $21.48 was reached on 09/01/23, a 52-week low of $16.45 was recorded on 03/16/23. SMA at 50 days reached $19.85, while 200 days put it at $19.12.

Levels Of Support And Resistance For FSK Stock

The 24-hour chart illustrates a support level at 20.51, which if violated will result in even more drops to 20.44. On the upside, there is a resistance level at 20.66. A further resistance level may holdings at 20.74. The Relative Strength Index (RSI) on the 14-day chart is 67.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.93%. Stochastics %K at 89.28% indicates the stock is a selling.

How much short interest is there in FS KKR Capital Corp.?

A steep rise in short interest was recorded in FS KKR Capital Corp. stocks on Aug 14, 2023, growing by 0.41 million shares to a total of 4.68 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.27 million shares. There was a rise of 8.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.11.

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