In a filing, PennantPark Investment Corporation revealed its Director Briones Jose A acquired Company’s shares for reported $24972.0 on Nov 27 ’24. In the deal valued at $6.79 per share,3,675 shares were bought. As a result of this transaction, Briones Jose A now holds 265,332 shares worth roughly $1.84 million.
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Then, Allorto Richard T JR bought 5,000 shares, generating $33,978 in total proceeds. Upon buying the shares at $6.80, the CFO and Treasurer now owns 15,000 shares.
Before that, Briones Jose A bought 6,122 shares. PennantPark Investment Corporation shares valued at $41,970 were divested by the Director at a price of $6.86 per share. As a result of the transaction, Briones Jose A now holds 261,657 shares, worth roughly $1.81 million.
Ladenburg Thalmann downgraded its PennantPark Investment Corporation [PNNT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in early September from “a Sell” to “a Neutral”. Compass Point also remained covering PNNT and has decreased its forecast on July 15, 2024 with a “Sell” recommendation from previously “Neutral” rating. Raymond James revised its rating on May 10, 2024. It rated PNNT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PNNT
On Monday, PennantPark Investment Corporation [NYSE:PNNT] saw its stock jump 0.87% to $6.92. Over the last five days, the stock has gained 3.13%. PennantPark Investment Corporation shares have risen nearly 0.14% since the year began. Nevertheless, the stocks have risen 6.30% over the past one year. While a 52-week high of $8.04 was reached on 07/11/24, a 52-week low of $6.31 was recorded on 08/05/24. SMA at 50 days reached $6.94, while 200 days put it at $7.08.
Levels Of Support And Resistance For PNNT Stock
The 24-hour chart illustrates a support level at 6.87, which if violated will result in even more drops to 6.82. On the upside, there is a resistance level at 6.96. A further resistance level may holdings at 7.00. The Relative Strength Index (RSI) on the 14-day chart is 52.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.74%. Stochastics %K at 53.30% indicates the stock is a holding.
How much short interest is there in PennantPark Investment Corporation?
A steep rise in short interest was recorded in PennantPark Investment Corporation stocks on 2024-10-31, growing by 62153.0 shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.22 million shares. There was a rise of 4.84%, which implies that there is a positive sentiment for the stock.
