Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MidCap Financial Investment Corporation shares valued at $12,980 were purchased by PEARLMAN EMANUEL R on Aug 12 ’24. At $12.98 per share, PEARLMAN EMANUEL R acquired 1,000 shares. The insider’s holdings grew to 1,000 shares worth approximately $14050.0 following the completion of this transaction.
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As published in a research note from Keefe Bruyette on August 05, 2024, MidCap Financial Investment Corporation [MFIC] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $15. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of June 10, 2024, Compass Point has decreased its “Buy” rating to a “Neutral” for MFIC. Earlier on August 07, 2023, Compass Point upgraded its rating. Their new recommendation was “a Buy” for MFIC stock which previously was a “a Neutral”.
Analyzing MFIC Stock Performance
During the last five days, there has been a surge of approximately 2.03%. Over the course of the year, MidCap Financial Investment Corporation shares have jumped approximately 4.26%. Shares of the company reached a 52-week high of $16.36 on 06/07/24 and a 52-week low of $12.26 on 08/05/24. A 50-day SMA is recorded $13.50, while a 200-day SMA reached $14.43. Nevertheless, trading volume fell to 0.25 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for MidCap Financial Investment Corporation (MFIC)
According to the 24-hour chart, there is a support level at 14.02, which, if violated, would cause prices to drop to 13.98. In the upper region, resistance lies at 14.09. The next price resistance is at 14.12. RSI (Relative Strength Index) is 64.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 11.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
