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Raymond James Upgrades Prospect Capital Corp (PSEC) to a Mkt perform from an Underperform

Prospect Capital Corp’s filing revealed that its CHIEF EXECUTIVE OFFICER Barry John F acquired Company’s shares for reported $22407.0 on May 13 ’24. In the deal valued at $5.47 per share,4,099 shares were bought. As a result of this transaction, Barry John F now holds 65,796,357 shares worth roughly $367.8 million.

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Then, Barry John F bought 798,901 shares, generating $4,377,477 in total proceeds. Upon buying the shares at $5.48, the CHIEF EXECUTIVE OFFICER now owns 65,792,258 shares.

Before that, Van Dask Kristin Lea bought 5,000 shares. Prospect Capital Corp shares valued at $27,200 were divested by the CFO, TREASURER, SECRETARY, CCO at a price of $5.44 per share. As a result of the transaction, Van Dask Kristin Lea now holds 10,000 shares, worth roughly $55900.0.

Raymond James upgraded its Prospect Capital Corp [PSEC] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late June with a ‘”an Underweight”‘ rating. Raymond James also remained covering PSEC and has decreased its forecast on April 20, 2020 with a “an Underperform” recommendation from previously “Mkt perform” rating. Barclays revised its rating on January 22, 2019. It rated PSEC as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of PSEC

On Friday, Prospect Capital Corp [NASDAQ:PSEC] saw its stock jump 0.54% to $5.59. Over the last five days, the stock has lost -0.53%. Prospect Capital Corp shares have fallen nearly -6.68% since the year began. Nevertheless, the stocks have fallen -12.38% over the past one year. While a 52-week high of $6.69 was reached on 01/08/24, a 52-week low of $5.03 was recorded on 04/30/24. SMA at 50 days reached $5.47, while 200 days put it at $5.73.

Levels Of Support And Resistance For PSEC Stock

The 24-hour chart illustrates a support level at 5.54, which if violated will result in even more drops to 5.50. On the upside, there is a resistance level at 5.61. A further resistance level may holdings at 5.64. The Relative Strength Index (RSI) on the 14-day chart is 52.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.00%. Stochastics %K at 35.36% indicates the stock is a holding.

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