TriplePoint Venture Growth BDC Corp’s filing revealed that 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 $40150.0.
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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 $45770.99999999999.
Wells Fargo downgraded its TriplePoint Venture Growth BDC Corp [TPVG] rating to an Underweight from a an Equal weight in a research note published on May 29, 2024; the price target was decreased to $8.50 from $9.50. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late March from “a Sell” to “a Neutral”. JMP Securities also remained covering TPVG and has decreased its forecast on March 07, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Compass Point revised its rating on March 07, 2024. It rated TPVG as “a Sell” which previously was an “a Neutral”.
Price Performance Review of TPVG
On Friday, TriplePoint Venture Growth BDC Corp [NYSE:TPVG] saw its stock fall -1.71% to $8.03. Over the last five days, the stock has lost -3.14%. TriplePoint Venture Growth BDC Corp shares have fallen nearly -26.06% since the year began. Nevertheless, the stocks have fallen -30.48% over the past one year. While a 52-week high of $12.70 was reached on 01/31/24, a 52-week low of $7.91 was recorded on 06/26/24. SMA at 50 days reached $9.15, while 200 days put it at $10.03. A total of 0.51 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For TPVG Stock
The 24-hour chart illustrates a support level at 7.93, which if violated will result in even more drops to 7.82. On the upside, there is a resistance level at 8.18. A further resistance level may holdings at 8.32. The Relative Strength Index (RSI) on the 14-day chart is 27.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.68%. Stochastics%K at 8.94% indicates the stock is a buying.
