BlackRock TCP Capital Corp’s recent filing unveils that its President Mehring Jason acquired Company’s shares for reported $41850.0 on Nov 27 ’24. In the deal valued at $9.30 per share,4,500 shares were bought. As a result of this transaction, Mehring Jason now holds 19,914 shares worth roughly $0.19 million.
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Then, Worrell August Daniel bought 15,000 shares, generating $136,500 in total proceeds. Upon buying the shares at $9.10, the Co-Chief Investment Officer now owns 23,500 shares.
Before that, Tseng Philip M bought 10,000 shares. BlackRock TCP Capital Corp shares valued at $91,000 were divested by the Director and President at a price of $9.10 per share. As a result of the transaction, Tseng Philip M now holds 27,481 shares, worth roughly $0.26 million.
Wells Fargo downgraded its BlackRock TCP Capital Corp [TCPC] rating to an Underweight from a an Equal weight in a research note published on August 26, 2024; the price target was decreased to $8 from $8.50. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Oppenheimer also remained covering TCPC and has decreased its forecast on March 06, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on March 01, 2024. It rated TCPC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of TCPC
On Monday, BlackRock TCP Capital Corp [NASDAQ:TCPC] saw its stock fall -1.17% to $9.30. Over the last five days, the stock has gained 2.76%. BlackRock TCP Capital Corp shares have fallen nearly -19.41% since the year began. Nevertheless, the stocks have fallen -20.24% over the past one year. While a 52-week high of $12.18 was reached on 01/11/24, a 52-week low of $7.71 was recorded on 11/04/24. SMA at 50 days reached $8.46, while 200 days put it at $9.82.
Levels Of Support And Resistance For TCPC Stock
The 24-hour chart illustrates a support level at 9.15, which if violated will result in even more drops to 9.00. On the upside, there is a resistance level at 9.56. A further resistance level may holdings at 9.82. The Relative Strength Index (RSI) on the 14-day chart is 67.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.74%. Stochastics %K at 86.58% indicates the stock is a selling.
How much short interest is there in BlackRock TCP Capital Corp?
A steep rise in short interest was recorded in BlackRock TCP Capital Corp stocks on 2024-11-15, dropping by -0.59 million shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.81 million shares. There was a decline of -48.54%, which implies that there is a negative sentiment for the stock.
