In the meantime, 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 jump 0.62% to $21.01. Over the last five days, the stock has lost -2.60%. Ares Capital Corp shares have risen nearly 4.89% since the year began. Nevertheless, the stocks have risen 6.87% over the past one year. While a 52-week high of $22.05 was reached on 10/30/24, a 52-week low of $19.32 was recorded on 08/05/24. SMA at 50 days reached $21.00, while 200 days put it at $20.75.
Levels Of Support And Resistance For ARCC Stock
The 24-hour chart illustrates a support level at 20.91, which if violated will result in even more drops to 20.82. On the upside, there is a resistance level at 21.08. A further resistance level may holdings at 21.16. The Relative Strength Index (RSI) on the 14-day chart is 43.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.54%. Stochastics %K at 9.42% indicates the stock is a buying.
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.
