Following these proceedings, B. Riley Securities downgraded its Ares Capital Corp [ARCC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Wells Fargo also remained covering ARCC and has decreased its forecast on April 18, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Hovde Group revised its rating on April 28, 2022. It rated ARCC as “an Outperform” which previously was an “a Market perform”.
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Price Performance Review of ARCC
On Tuesday, Ares Capital Corp [NASDAQ:ARCC] saw its stock fall -0.46% to $21.57. Over the last five days, the stock has lost -0.09%. Ares Capital Corp shares have risen nearly 7.69% since the year began. Nevertheless, the stocks have risen 15.59% over the past one year. While a 52-week high of $21.84 was reached on 06/06/24, a 52-week low of $18.73 was recorded on 08/05/24. SMA at 50 days reached $20.98, while 200 days put it at $20.73.
Levels Of Support And Resistance For ARCC Stock
The 24-hour chart illustrates a support level at 21.51, which if violated will result in even more drops to 21.46. On the upside, there is a resistance level at 21.65. A further resistance level may holdings at 21.74. The Relative Strength Index (RSI) on the 14-day chart is 60.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.27%. Stochastics %K at 78.63% indicates the stock is a holding.
How much short interest is there in Ares Capital Corp?
A steep rise in short interest was recorded in Ares Capital Corp stocks on 2024-10-15, dropping by -1.23 million shares to a total of 16.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.81 million shares. There was a decline of -7.42%, which implies that there is a negative sentiment for the stock.
