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FS KKR Capital Corp (FSK) receives an Overweight rating from Wells Fargo

In a filing, FS KKR Capital Corp revealed its Director Hopkins Jerel A acquired Company’s shares for reported $9727.0 on Jun 10 ’24. In the deal valued at $20.70 per share,470 shares were bought. As a result of this transaction, Hopkins Jerel A now holds 8,125 shares worth roughly $0.16 million.

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Then, Adams Barbara bought 3,381 shares, generating $67,957 in total proceeds. Upon buying the shares at $20.10, the Director now owns 22,082 shares.

Before that, Sandler Elizabeth bought 1,000 shares. FS KKR Capital Corp shares valued at $20,070 were divested by the Director at a price of $20.07 per share. As a result of the transaction, Sandler Elizabeth now holds 6,700 shares, worth roughly $0.13 million.

Wells Fargo upgraded its FS KKR Capital Corp [FSK] rating to an Overweight from a an Equal weight in a research note published on May 29, 2024; the price target was increased to $21 from $19. A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Market perform”. Compass Point also remained covering FSK and has decreased its forecast on February 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. B. Riley Securities started covering the stock on July 28, 2023. It rated FSK as “a Buy”.

Price Performance Review of FSK

On Friday, FS KKR Capital Corp [NYSE:FSK] saw its stock jump 0.25% to $19.73. Over the last five days, the stock has gained 1.70%. FS KKR Capital Corp shares have fallen nearly -0.11% since the year began. Nevertheless, the stocks have risen 6.03% over the past one year. While a 52-week high of $20.76 was reached on 01/04/24, a 52-week low of $18.21 was recorded on 03/15/24. SMA at 50 days reached $19.80, while 200 days put it at $19.71.

Levels Of Support And Resistance For FSK Stock

The 24-hour chart illustrates a support level at 19.66, which if violated will result in even more drops to 19.58. On the upside, there is a resistance level at 19.83. A further resistance level may holdings at 19.92. The Relative Strength Index (RSI) on the 14-day chart is 48.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.03%. Stochastics%K at 27.89% indicates the stock is a holding.

The most recent change occurred on April 12, 2023 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating along with a $21 price target.

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