In a filing, BlackRock TCP Capital Corp revealed its Director and President Tseng Philip M acquired Company’s shares for reported $91000.0 on Sep 10 ’24. In the deal valued at $9.10 per share,10,000 shares were bought. As a result of this transaction, Tseng Philip M now holds 27,481 shares worth roughly $0.21 million.
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Then, Tseng Philip M bought 5,000 shares, generating $45,350 in total proceeds. Upon buying the shares at $9.07, the Director and President now owns 17,481 shares.
Before that, Vig Rajneesh bought 25,000 shares. BlackRock TCP Capital Corp shares valued at $227,250 were divested by the CEO and Chairman of the Board at a price of $9.09 per share. As a result of the transaction, Vig Rajneesh now holds 130,930 shares, worth roughly $1.02 million.
Wells Fargo downgraded its BlackRock TCP Capital Corp [TCPC] rating to an Underweight from a an Equal weight in a research note published on August 26, 2024; the price target was decreased to $8 from $8.50. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Oppenheimer also remained covering TCPC and has decreased its forecast on March 06, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on March 01, 2024. It rated TCPC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of TCPC
On Monday, BlackRock TCP Capital Corp [NASDAQ:TCPC] saw its stock fall -2.38% to $7.81. Over the last five days, the stock has lost -6.02%. BlackRock TCP Capital Corp shares have fallen nearly -32.32% since the year began. Nevertheless, the stocks have fallen -28.83% over the past one year. While a 52-week high of $12.18 was reached on 01/11/24, a 52-week low of $8.00 was recorded on 11/04/24. SMA at 50 days reached $8.47, while 200 days put it at $10.05.
Levels Of Support And Resistance For TCPC Stock
The 24-hour chart illustrates a support level at 7.67, which if violated will result in even more drops to 7.54. On the upside, there is a resistance level at 7.98. A further resistance level may holdings at 8.15. The Relative Strength Index (RSI) on the 14-day chart is 30.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.92%. Stochastics %K at 13.35% indicates the stock is a buying.
How much short interest is there in BlackRock TCP Capital Corp?
A steep rise in short interest was recorded in BlackRock TCP Capital Corp stocks on 2024-10-15, growing by 0.31 million shares to a total of 1.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.5 million shares. There was a rise of 17.18%, which implies that there is a positive sentiment for the stock.
