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. FS KKR Capital Corp. shares valued at $18,799 were purchased by Sandler Elizabeth on Feb 29 ’24. At $18.80 per share, Sandler Elizabeth acquired 1,000 shares. The insider’s holdings grew to 5,700 shares worth approximately $0.11 million following the completion of this transaction.
Also, Pietrzak Daniel purchased 7,300 shares, netting a total of over 136,729 in proceeds. Following the buying of shares at $18.73 each, the insider now holds 39,800 shares.
Before that, Pietrzak Daniel had added 2,700 shares to its account. In a trade valued at $50,652, the Co-President and CIO bought FS KKR Capital Corp. shares for $18.76 each. Upon closing the transaction, the insider’s holdings increased to 2,700 shares, worth approximately $0.34 million.
As published in a research note from Hovde Group on February 28, 2024, FS KKR Capital Corp. [FSK] has been rated down from an Outperform to a Market perform and the price target has been revised to $20. Analysts at Compass Point downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of July 28, 2023, B. Riley Securities has initiated its “Buy” rating for FSK. Earlier on April 12, 2023, Oppenheimer initiated its rating. Their recommendation was “a Perform” for FSK stock.
Analyzing FSK Stock Performance
During the last five days, there has been a surge of approximately 0.37%. Over the course of the year, FS KKR Capital Corp. shares have dropped approximately -3.17%. Shares of the company reached a 52-week high of $20.99 on 01/04/24 and a 52-week low of $18.31 on 03/15/24. A 50-day SMA is recorded $19.38, while a 200-day SMA reached $19.76.
Support And Resistance Levels for FS KKR Capital Corp. (FSK)
According to the 24-hour chart, there is a support level at 19.13, which, if violated, would cause prices to drop to 19.04. In the upper region, resistance lies at 19.31. The next price resistance is at 19.40. RSI (Relative Strength Index) is 54.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 11.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is FS KKR Capital Corp. subject to short interest?
Stocks of FS KKR Capital Corp. saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.33 million shares to 3.86 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.53 million shares. A jump of 8.55% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.63 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.63.
