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TriplePoint Venture Growth BDC Corp (TPVG) receives a Neutral rating from Compass Point

In a filing, TriplePoint Venture Growth BDC Corp revealed its Director Park Katherine J acquired Company’s shares for reported $23375.0 on Mar 14 ’24. In the deal valued at $9.35 per share,2,500 shares were bought. As a result of this transaction, Park Katherine J now holds 5,000 shares worth roughly $46449.99999999999.

Then, Cassani Stephen bought 500 shares, generating $4,950 in total proceeds. Upon buying the shares at $9.90, the Director now owns 6,200 shares.

Before that, Cassani Stephen bought 1,103 shares. TriplePoint Venture Growth BDC Corp shares valued at $11,019 were divested by the Director at a price of $9.99 per share. As a result of the transaction, Cassani Stephen now holds 5,700 shares, worth roughly $52952.99999999999.

Compass Point upgraded its TriplePoint Venture Growth BDC Corp [TPVG] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in early March from “a Mkt outperform” to “a Mkt perform”. Compass Point also remained covering TPVG and has decreased its forecast on March 07, 2024 with a “Sell” recommendation from previously “Neutral” rating. Compass Point revised its rating on August 23, 2023. It rated TPVG as “a Neutral” which previously was an “a Sell”.

Price Performance Review of TPVG

On Tuesday, TriplePoint Venture Growth BDC Corp [NYSE:TPVG] saw its stock jump 1.20% to $9.29. Over the last five days, the stock has gained 1.42%. TriplePoint Venture Growth BDC Corp shares have fallen nearly -14.46% since the year began. Nevertheless, the stocks have fallen -9.89% over the past one year. While a 52-week high of $12.70 was reached on 01/31/24, a 52-week low of $8.88 was recorded on 04/16/24. SMA at 50 days reached $9.36, while 200 days put it at $10.37. A total of 0.37 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For TPVG Stock

The 24-hour chart illustrates a support level at 9.23, which if violated will result in even more drops to 9.18. On the upside, there is a resistance level at 9.33. A further resistance level may holdings at 9.38. The Relative Strength Index (RSI) on the 14-day chart is 48.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.71%. Stochastics %K at 27.20% indicates the stock is a holding.

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