Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FS KKR Capital Corp shares valued at $3,816,391 were purchased by FSH Seed Capital Vehicle I LLC on Aug 15 ’24. At $19.56 per share, FSH Seed Capital Vehicle I LLC acquired 195,137 shares.
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Also, Forman Michael C. sold 195,139 shares, netting a total of over 3,816,431 in proceeds. Following the sale of shares at $19.56 each, the insider now holds 0 shares.
Before that, Pietrzak Daniel had added 5,000 shares to its account. In a trade valued at $96,041, the Co-President and CIO bought FS KKR Capital Corp shares for $19.21 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.96 million.
As published in a research note from Wells Fargo on May 29, 2024, FS KKR Capital Corp [FSK] has been rated up from an Equal weight to an Overweight and the price target has been revised to $21 from $19. Analysts at Hovde Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late February. As of February 27, 2024, Compass Point has decreased its “Buy” rating to a “Neutral” for FSK. Earlier on July 28, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for FSK stock.
Analyzing FSK Stock Performance
During the last five days, there has been a surge of approximately 1.61%. Over the course of the year, FS KKR Capital Corp shares have jumped approximately 9.13%. Shares of the company reached a 52-week high of $21.60 on 11/19/24 and a 52-week low of $18.31 on 03/15/24. A 50-day SMA is recorded $20.31, while a 200-day SMA reached $19.82.
Support And Resistance Levels for FS KKR Capital Corp (FSK)
According to the 24-hour chart, there is a support level at 21.35, which, if violated, would cause prices to drop to 21.22. In the upper region, resistance lies at 21.60. The next price resistance is at 21.72. RSI (Relative Strength Index) is 70.65 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 6.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
