Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Prospect Capital Corp shares valued at $74,925 were purchased by Van Dask Kristin Lea on Jun 20 ’24. At $22.50 per share, Van Dask Kristin Lea acquired 3,330 shares. The insider’s holdings grew to 4,539 shares worth approximately $22468.05 following the completion of this transaction.
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Also, Barry John F purchased 4,099 shares, netting a total of over 22,407 in proceeds. Following the buying of shares at $5.47 each, the insider now holds 65,796,357 shares.
Before that, Barry John F had added 798,901 shares to its account. In a trade valued at $4,377,477, the CHIEF EXECUTIVE OFFICER bought Prospect Capital Corp shares for $5.48 each. Upon closing the transaction, the insider’s holdings increased to 798,901 shares, worth approximately $325.67 million.
As published in a research note from Raymond James on November 09, 2021, Prospect Capital Corp [PSEC] has been rated up from an Underperform to a Mkt perform. Analysts at Wells Fargo started covering the stock with ‘”an Underweight”‘ outlook in a report released in late June. As of April 20, 2020, Raymond James has decreased its “Mkt perform” rating to a “an Underperform” for PSEC. Earlier on January 22, 2019, Barclays downgraded its rating. Their new recommendation was “an Underweight” for PSEC stock which previously was a “an Equal weight”.
Analyzing PSEC Stock Performance
During the last five days, there has been a surge of approximately 0.81%. Over the course of the year, Prospect Capital Corp shares have dropped approximately -17.36%. Shares of the company reached a 52-week high of $6.26 on 01/08/24 and a 52-week low of $4.69 on 08/09/24. A 50-day SMA is recorded $5.43, while a 200-day SMA reached $5.60.
Support And Resistance Levels for Prospect Capital Corp (PSEC)
According to the 24-hour chart, there is a support level at 4.84, which, if violated, would cause prices to drop to 4.74. In the upper region, resistance lies at 5.04. The next price resistance is at 5.14. RSI (Relative Strength Index) is 34.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 69.05%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
