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Monitoring Prospect Capital Corp (PSEC) after recent insider movements

Prospect Capital Corp’s filing revealed that its CFO, TREASURER, SECRETARY, CCO Van Dask Kristin Lea acquired Company’s shares for reported $40326.0 on Nov 12 ’24. In the deal valued at $4.29 per share,9,400 shares were bought. As a result of this transaction, Van Dask Kristin Lea now holds 19,400 shares worth roughly $85748.0.

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Then, Van Dask Kristin Lea bought 5,800 shares, generating $24,882 in total proceeds. Upon buying the shares at $4.29, the CFO, TREASURER, SECRETARY, CCO now owns 87,246 shares.

Before that, Stark Eugene S bought 2,500 shares. Prospect Capital Corp shares valued at $13,750 were divested by the Director at a price of $5.50 per share. As a result of the transaction, Stark Eugene S now holds 57,500 shares, worth roughly $0.25 million.

Raymond James upgraded its Prospect Capital Corp [PSEC] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late June with a ‘”an Underweight”‘ rating. Raymond James also remained covering PSEC and has decreased its forecast on April 20, 2020 with a “an Underperform” recommendation from previously “Mkt perform” rating. Barclays revised its rating on January 22, 2019. It rated PSEC as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of PSEC

On Friday, Prospect Capital Corp [NASDAQ:PSEC] saw its stock jump 0.91% to $4.42. Over the last five days, the stock has lost -1.12%. Prospect Capital Corp shares have fallen nearly -26.21% since the year began. Nevertheless, the stocks have fallen -23.92% over the past one year. While a 52-week high of $6.30 was reached on 01/08/24, a 52-week low of $4.15 was recorded on 11/11/24. SMA at 50 days reached $5.17, while 200 days put it at $5.38.

Levels Of Support And Resistance For PSEC Stock

The 24-hour chart illustrates a support level at 4.39, which if violated will result in even more drops to 4.35. On the upside, there is a resistance level at 4.45. A further resistance level may holdings at 4.47. The Relative Strength Index (RSI) on the 14-day chart is 28.44, which indicates oversold 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 76.11%. Stochastics %K at 17.91% indicates the stock is a buying.

How much short interest is there in Prospect Capital Corp?

A steep rise in short interest was recorded in Prospect Capital Corp stocks on 2024-10-31, growing by 1.18 million shares to a total of 18.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.09 million shares. There was a rise of 6.46%, which implies that there is a positive sentiment for the stock.

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