KD Logo

An Analysis of BlackRock TCP Capital Corp (TCPC)’s Potential Price Growth

BlackRock TCP Capital Corp’s filing revealed that its Director Petro Andrea acquired Company’s shares for reported $57450.0 on Jun 07 ’24. In the deal valued at $11.49 per share,5,000 shares were bought. As a result of this transaction, Petro Andrea now holds 11,823 shares worth roughly $0.13 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, Leets Karen L bought 4,380 shares, generating $50,326 in total proceeds. Upon buying the shares at $11.49, the Director now owns 4,380 shares.

Before that, DRAUT ERIC JOHN bought 1,000 shares. BlackRock TCP Capital Corp shares valued at $10,890 were divested by the Director at a price of $10.89 per share. As a result of the transaction, DRAUT ERIC JOHN now holds 53,532 shares, worth roughly $0.59 million.

Oppenheimer downgraded its BlackRock TCP Capital Corp [TCPC] rating to a Perform from a an Outperform in a research note published on March 06, 2024; the price target was decreased to $11 from $13. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Mkt perform”. JMP Securities also remained covering TCPC and has decreased its forecast on March 01, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating.

Price Performance Review of TCPC

On Tuesday, BlackRock TCP Capital Corp [NASDAQ:TCPC] saw its stock jump 1.01% to $10.96. Over the last five days, the stock has gained 2.81%. BlackRock TCP Capital Corp shares have fallen nearly -5.03% since the year began. Nevertheless, the stocks have risen 3.35% over the past one year. While a 52-week high of $12.64 was reached on 01/11/24, a 52-week low of $9.90 was recorded on 03/22/24. SMA at 50 days reached $10.74, while 200 days put it at $11.05. A total of 0.29 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For TCPC Stock

The 24-hour chart illustrates a support level at 10.83, which if violated will result in even more drops to 10.71. On the upside, there is a resistance level at 11.02. A further resistance level may holdings at 11.09. The Relative Strength Index (RSI) on the 14-day chart is 53.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.41%. Stochastics%K at 37.91% indicates the stock is a holding.

Most Popular