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. TriplePoint Venture Growth BDC Corp shares valued at $23,375 were purchased by Park Katherine J on Mar 14 ’24. At $9.35 per share, Park Katherine J acquired 2,500 shares. The insider’s holdings grew to 5,000 shares worth approximately $41550.0 following the completion of this transaction.
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Also, Cassani Stephen purchased 500 shares, netting a total of over 4,950 in proceeds. Following the buying of shares at $9.90 each, the insider now holds 6,200 shares.
Before that, Cassani Stephen had added 1,103 shares to its account. In a trade valued at $11,019, the Director bought TriplePoint Venture Growth BDC Corp shares for $9.99 each. Upon closing the transaction, the insider’s holdings increased to 1,103 shares, worth approximately $47367.0.
As published in a research note from Wells Fargo on May 29, 2024, TriplePoint Venture Growth BDC Corp [TPVG] has been rated down from an Equal weight to an Underweight and the price target has been revised to $8.50 from $9.50. Analysts at Compass Point upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 07, 2024, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for TPVG. Earlier on March 07, 2024, Compass Point downgraded its rating. Their new recommendation was “a Sell” for TPVG stock which previously was a “a Neutral”.
Analyzing TPVG Stock Performance
During the last five days, there has been a drop of approximately -12.62%. Over the course of the year, TriplePoint Venture Growth BDC Corp shares have dropped approximately -23.48%. Shares of the company reached a 52-week high of $11.58 on 01/31/24 and a 52-week low of $8.31 on 06/20/24. A 50-day SMA is recorded $9.27, while a 200-day SMA reached $10.12. Nevertheless, trading volume fell to 0.9 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for TriplePoint Venture Growth BDC Corp (TPVG)
According to the 24-hour chart, there is a support level at 8.14, which, if violated, would cause prices to drop to 7.98. In the upper region, resistance lies at 8.64. The next price resistance is at 8.97. RSI (Relative Strength Index) is 25.69 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 99.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
