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Prospect Capital Corp (PSEC) may enjoy gains as insiders got busy in the recent days

Prospect Capital Corp’s recent filing unveils that its Chief Operating Officer Eliasek M Grier acquired Company’s shares for reported $23245.0 on Nov 20 ’24. In the deal valued at $4.65 per share,5,000 shares were bought. As a result of this transaction, Eliasek M Grier now holds 1,691,130 shares worth roughly $8.17 million.

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Then, Barry John F bought 1,000,000 shares, generating $4,590,000 in total proceeds. Upon buying the shares at $4.59, the CHIEF EXECUTIVE OFFICER now owns 75,465,285 shares.

Before that, Barry John F bought 1,000,000 shares. Prospect Capital Corp shares valued at $4,630,000 were divested by the CHIEF EXECUTIVE OFFICER at a price of $4.63 per share. As a result of the transaction, Barry John F now holds 74,465,285 shares, worth roughly $359.67 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 3.87% to $4.83. Over the last five days, the stock has gained 9.28%. Prospect Capital Corp shares have fallen nearly -19.37% since the year began. Nevertheless, the stocks have fallen -16.87% 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 $5.10, while 200 days put it at $5.35.

Levels Of Support And Resistance For PSEC Stock

The 24-hour chart illustrates a support level at 4.70, which if violated will result in even more drops to 4.56. On the upside, there is a resistance level at 4.90. A further resistance level may holdings at 4.97. The Relative Strength Index (RSI) on the 14-day chart is 49.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.82%. Stochastics %K at 47.79% indicates the stock is a holding.

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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