In a filing, TriplePoint Venture Growth BDC Corp revealed its President Srivastava Sajal acquired Company’s shares for reported $0.17 million on Aug 13 ’24. In the deal valued at $7.09 per share,24,083 shares were bought. As a result of this transaction, Srivastava Sajal now holds 274,941 shares worth roughly $2.19 million.
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Then, Srivastava Sajal bought 11,298 shares, generating $79,311 in total proceeds. Upon buying the shares at $7.02, the President now owns 250,858 shares.
Before that, Park Katherine J bought 2,500 shares. TriplePoint Venture Growth BDC Corp shares valued at $23,375 were divested by the Director at a price of $9.35 per share. As a result of the transaction, Park Katherine J now holds 5,000 shares, worth roughly $39750.0.
Keefe Bruyette upgraded its TriplePoint Venture Growth BDC Corp [TPVG] rating to a Mkt perform from a an Underperform in a research note published on November 07, 2024; the price target was decreased to $7.50 from $8. 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”. Wells Fargo also remained covering TPVG and has decreased its forecast on May 29, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Compass Point revised its rating on March 22, 2024. It rated TPVG as “a Neutral” which previously was an “a Sell”.
Price Performance Review of TPVG
On Monday, TriplePoint Venture Growth BDC Corp [NYSE:TPVG] saw its stock jump 1.02% to $7.95. Over the last five days, the stock has gained 22.31%. TriplePoint Venture Growth BDC Corp shares have fallen nearly -26.80% since the year began. Nevertheless, the stocks have fallen -20.74% over the past one year. While a 52-week high of $11.58 was reached on 01/31/24, a 52-week low of $6.44 was recorded on 11/05/24. SMA at 50 days reached $7.00, while 200 days put it at $8.63.
Levels Of Support And Resistance For TPVG Stock
The 24-hour chart illustrates a support level at 7.81, which if violated will result in even more drops to 7.67. On the upside, there is a resistance level at 8.05. A further resistance level may holdings at 8.14. The Relative Strength Index (RSI) on the 14-day chart is 76.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.21%. Stochastics %K at 94.45% indicates the stock is a selling.
How much short interest is there in TriplePoint Venture Growth BDC Corp?
A steep rise in short interest was recorded in TriplePoint Venture Growth BDC Corp stocks on 2024-10-15, dropping by -0.58 million shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.6 million shares. There was a decline of -28.44%, which implies that there is a negative sentiment for the stock.
