The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TriplePoint Venture Growth BDC Corp shares valued at $170,676 were purchased by Srivastava Sajal on Aug 13 ’24. At $7.09 per share, Srivastava Sajal acquired 24,083 shares. The insider’s holdings grew to 274,941 shares worth approximately $2.25 million following the completion of this transaction.
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Also, Srivastava Sajal purchased 11,298 shares, netting a total of over 79,311 in proceeds. Following the buying of shares at $7.02 each, the insider now holds 250,858 shares.
Before that, Park Katherine J had added 2,500 shares to its account. In a trade valued at $23,375, the Director bought TriplePoint Venture Growth BDC Corp shares for $9.35 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $40950.0.
As published in a research note from Keefe Bruyette on November 07, 2024, TriplePoint Venture Growth BDC Corp [TPVG] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $7.50 from $8. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 29, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for TPVG. Earlier on March 22, 2024, Compass Point upgraded its rating. Their new recommendation was “a Neutral” for TPVG stock which previously was a “a Sell”.
Analyzing TPVG Stock Performance
During the last five days, there has been a surge of approximately 3.02%. Over the course of the year, TriplePoint Venture Growth BDC Corp shares have dropped approximately -24.59%. Shares of the company reached a 52-week high of $11.58 on 01/31/24 and a 52-week low of $6.44 on 11/05/24. A 50-day SMA is recorded $7.15, while a 200-day SMA reached $8.45. Nevertheless, trading volume fell to 0.22 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for TriplePoint Venture Growth BDC Corp (TPVG)
According to the 24-hour chart, there is a support level at 8.16, which, if violated, would cause prices to drop to 8.12. In the upper region, resistance lies at 8.25. The next price resistance is at 8.30. RSI (Relative Strength Index) is 72.66 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 13.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
