PennantPark Investment Corporation’s recently made public that its CFO and Treasurer Allorto Richard T JR acquired Company’s shares for reported $33978.0 on Mar 12 ’24. In the deal valued at $6.80 per share,5,000 shares were bought. As a result of this transaction, Allorto Richard T JR now holds 15,000 shares worth roughly $0.11 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
Sponsored
Then, Briones Jose A bought 6,122 shares, generating $41,970 in total proceeds. Upon buying the shares at $6.86, the Director now owns 261,657 shares.
Before that, Briones Jose A bought 1,166 shares. PennantPark Investment Corporation shares valued at $7,996 were divested by the Director at a price of $6.86 per share. As a result of the transaction, Briones Jose A now holds 10,333 shares, worth roughly $72847.65.
Compass Point downgraded its PennantPark Investment Corporation [PNNT] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Mkt perform”. Compass Point also remained covering PNNT and has decreased its forecast on August 15, 2023 with a “Neutral” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on February 09, 2023. It rated PNNT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PNNT
On Friday, PennantPark Investment Corporation [NYSE:PNNT] saw its stock jump 1.59% to $7.05. Over the last five days, the stock has gained 0.71%. PennantPark Investment Corporation shares have risen nearly 2.03% since the year began. Nevertheless, the stocks have risen 6.33% over the past one year. While a 52-week high of $8.04 was reached on 07/11/24, a 52-week low of $6.01 was recorded on 08/05/24. SMA at 50 days reached $7.25, while 200 days put it at $7.02.
Levels Of Support And Resistance For PNNT Stock
The 24-hour chart illustrates a support level at 6.98, which if violated will result in even more drops to 6.91. On the upside, there is a resistance level at 7.10. A further resistance level may holdings at 7.14. The Relative Strength Index (RSI) on the 14-day chart is 49.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.02%. Stochastics %K at 29.90% indicates the stock is a holding.
How much short interest is there in PennantPark Investment Corporation?
A steep rise in short interest was recorded in PennantPark Investment Corporation stocks on 2024-08-15, dropping by -0.16 million shares to a total of 1.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.42 million shares. There was a decline of -12.46%, which implies that there is a negative sentiment for the stock.
