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. Nuveen Churchill Direct Lending Corp shares valued at $86,350 were purchased by Vichness Shaul on Dec 03 ’24. At $17.27 per share, Vichness Shaul acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $83900.0 following the completion of this transaction.
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Also, Kencel Kenneth J. purchased 20,000 shares, netting a total of over 347,370 in proceeds. Following the buying of shares at $17.37 each, the insider now holds 20,000 shares.
Before that, Kencel Kenneth J. had added 20,000 shares to its account. In a trade valued at $347,006, the CEO & President bought Nuveen Churchill Direct Lending Corp shares for $17.35 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.17 million.
As published in a research note from JMP Securities on February 28, 2024, Nuveen Churchill Direct Lending Corp [NCDL] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $18.50. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid February. As of February 20, 2024, UBS has initiated its “Neutral” rating for NCDL. Earlier on February 20, 2024, Truist initiated its rating. Their recommendation was “a Buy” for NCDL stock.
Analyzing NCDL Stock Performance
During the last five days, there has been a drop of approximately -2.72%. Over the course of the year, Nuveen Churchill Direct Lending Corp shares have dropped approximately -4.34%. A 50-day SMA is recorded $17.16, while a 200-day SMA reached $17.42. Nevertheless, trading volume fell to 0.44 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Nuveen Churchill Direct Lending Corp (NCDL)
According to the 24-hour chart, there is a support level at 16.64, which, if violated, would cause prices to drop to 16.50. In the upper region, resistance lies at 17.04. The next price resistance is at 17.30. RSI (Relative Strength Index) is 36.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 97.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
