PennantPark Investment Corporation’s recently made public that its CFO and Treasurer Allorto Richard T JR acquired Company’s shares for reported $33978.0 on Mar 12 ’24. In the deal valued at $6.80 per share,5,000 shares were bought. As a result of this transaction, Allorto Richard T JR now holds 15,000 shares worth roughly $0.1 million.
Then, Briones Jose A bought 6,122 shares, generating $41,970 in total proceeds. Upon buying the shares at $6.86, the Director now owns 261,657 shares.
Before that, Briones Jose A bought 1,166 shares. PennantPark Investment Corporation shares valued at $7,996 were divested by the Director at a price of $6.86 per share. As a result of the transaction, Briones Jose A now holds 10,333 shares, worth roughly $70367.73.
Compass Point downgraded its PennantPark Investment Corporation [PNNT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Mkt perform”. JP Morgan also remained covering PNNT and has increased its forecast on November 19, 2021 with a “Neutral” recommendation from previously “an Underweight” rating. Oppenheimer started covering the stock on July 09, 2021. It rated PNNT as “a Perform”.
Price Performance Review of PNNT
On Friday, PennantPark Investment Corporation [NYSE:PNNT] saw its stock fall -2.44% to $6.81. Over the last five days, the stock has lost -1.87%. PennantPark Investment Corporation shares have fallen nearly -1.45% since the year began. Nevertheless, the stocks have risen 34.85% over the past one year. While a 52-week high of $7.27 was reached on 01/30/24, a 52-week low of $4.70 was recorded on 02/20/24. SMA at 50 days reached $6.78, while 200 days put it at $6.60. A total of 0.5 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For PNNT Stock
The 24-hour chart illustrates a support level at 6.74, which if violated will result in even more drops to 6.68. On the upside, there is a resistance level at 6.91. A further resistance level may holdings at 7.01. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.58%. Stochastics %K at 76.16% indicates the stock is a holding.
The most recent change occurred on July 09, 2021 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating.
