In a filing, FS KKR Capital Corp revealed its insider FSH Seed Capital Vehicle I LLC acquired Company’s shares for reported $3.82 million on Aug 15 ’24. In the deal valued at $19.56 per share,195,137 shares were bought.
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Then, Forman Michael C. sold 195,139 shares, generating $3,816,431 in total proceeds. Upon selling the shares at $19.56, the Chief Executive Officer now owns 0 shares.
Before that, Pietrzak Daniel bought 5,000 shares. FS KKR Capital Corp shares valued at $96,041 were divested by the Co-President and CIO at a price of $19.21 per share. As a result of the transaction, Pietrzak Daniel now holds 44,800 shares, worth roughly $0.98 million.
Wells Fargo upgraded its FS KKR Capital Corp [FSK] rating to an Overweight from a an Equal weight in a research note published on May 29, 2024; the price target was increased to $21 from $19. A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Market perform”. Compass Point also remained covering FSK and has decreased its forecast on February 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. B. Riley Securities started covering the stock on July 28, 2023. It rated FSK as “a Buy”.
Price Performance Review of FSK
On Friday, FS KKR Capital Corp [NYSE:FSK] saw its stock jump 1.07% to $21.77. Over the last five days, the stock has gained 2.88%. FS KKR Capital Corp shares have risen nearly 10.56% since the year began. Nevertheless, the stocks have risen 11.67% over the past one year. While a 52-week high of $21.69 was reached on 11/22/24, a 52-week low of $18.16 was recorded on 03/15/24. SMA at 50 days reached $20.40, while 200 days put it at $19.83.
Levels Of Support And Resistance For FSK Stock
The 24-hour chart illustrates a support level at 21.63, which if violated will result in even more drops to 21.48. On the upside, there is a resistance level at 21.85. A further resistance level may holdings at 21.93. The Relative Strength Index (RSI) on the 14-day chart is 74.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.17%. Stochastics %K at 94.51% indicates the stock is a selling.
How much short interest is there in FS KKR Capital Corp?
A steep rise in short interest was recorded in FS KKR Capital Corp stocks on 2024-10-31, dropping by -0.62 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.97 million shares. There was a decline of -18.63%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 12, 2023 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating along with a $21 price target.
