Prospect Capital Corp’s filing revealed that its Chief Operating Officer Eliasek M Grier acquired Company’s shares for reported $1.01 million on Nov 29 ’24. In the deal valued at $4.81 per share,210,000 shares were bought. As a result of this transaction, Eliasek M Grier now holds 2,131,130 shares worth roughly $9.46 million.
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Then, Eliasek M Grier bought 210,000 shares, generating $1,005,858 in total proceeds. Upon buying the shares at $4.79, the Chief Operating Officer now owns 1,921,130 shares.
Before that, Eliasek M Grier bought 5,000 shares. Prospect Capital Corp shares valued at $23,576 were divested by the Chief Operating Officer at a price of $4.72 per share. As a result of the transaction, Eliasek M Grier now holds 1,711,130 shares, worth roughly $7.6 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 Monday, Prospect Capital Corp [NASDAQ:PSEC] saw its stock fall -1.99% to $4.44. Over the last five days, the stock has lost -3.06%. Prospect Capital Corp shares have fallen nearly -25.88% since the year began. Nevertheless, the stocks have fallen -21.83% 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 $4.95, while 200 days put it at $5.30.
Levels Of Support And Resistance For PSEC Stock
The 24-hour chart illustrates a support level at 4.37, which if violated will result in even more drops to 4.30. On the upside, there is a resistance level at 4.54. A further resistance level may holdings at 4.64. The Relative Strength Index (RSI) on the 14-day chart is 35.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.67%. Stochastics %K at 21.14% 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 2024-11-15, dropping by -3.02 million shares to a total of 15.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.99 million shares. There was a decline of -18.9%, which implies that there is a negative sentiment for the stock.
