Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Main Street Capital Corporation shares valued at $495,090 were sold by Meserve Nicholas on Dec 10 ’24. At $55.01 per share, Meserve Nicholas sold 9,000 shares. The insider’s holdings dropped to 87,667 shares worth approximately $5.31 million following the completion of this transaction.
Also, Meserve Nicholas purchased 9,000 shares, netting a total of over 495,091 in proceeds.
Before that, Meserve Nicholas had sold 6,000 shares from its account. In a trade valued at $275,761, the MANAGING DIRECTOR traded Main Street Capital Corporation shares for $45.96 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $5.05 million.
As published in a research note from B. Riley Securities on January 08, 2024, Main Street Capital Corporation [MAIN] has been rated down from a Buy to a Neutral and the price target has been revised to $47. Analysts at Hovde Group upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late June. As of December 19, 2022, UBS has initiated its “Neutral” rating for MAIN. Earlier on December 12, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for MAIN stock.
Analyzing MAIN Stock Performance
During the last five days, there has been a drop of approximately -0.18%. Over the course of the year, Main Street Capital Corporation shares have jumped approximately 3.48%. Shares of the company reached a 52-week high of $61.53 on 01/29/25 and a 52-week low of $57.05 on 01/13/25. A 50-day SMA is recorded $56.85, while a 200-day SMA reached $51.67. Nevertheless, trading volume fell to 0.55 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Main Street Capital Corporation (MAIN)
According to the 24-hour chart, there is a support level at 60.16, which, if violated, would cause prices to drop to 59.71. In the upper region, resistance lies at 61.30. The next price resistance is at 61.99. RSI (Relative Strength Index) is 63.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 20.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
