While this happened, Raymond James downgraded its Ares Capital Corp [ARCC] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Wells Fargo also remained covering ARCC and has increased its forecast on December 02, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. B. Riley Securities revised its rating on January 08, 2024. It rated ARCC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARCC
On Friday, Ares Capital Corp [NASDAQ:ARCC] saw its stock jump 0.04% to $22.74. Over the last five days, the stock has lost -3.93%. Ares Capital Corp shares have risen nearly 3.88% since the year began. Nevertheless, the stocks have risen 14.04% over the past one year. While a 52-week high of $23.84 was reached on 02/03/25, a 52-week low of $19.32 was recorded on 01/13/25. SMA at 50 days reached $22.39, while 200 days put it at $21.36.
Levels Of Support And Resistance For ARCC Stock
The 24-hour chart illustrates a support level at 22.60, which if violated will result in even more drops to 22.46. On the upside, there is a resistance level at 22.88. A further resistance level may holdings at 23.02. The Relative Strength Index (RSI) on the 14-day chart is 47.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.71%. Stochastics %K at 28.74% indicates the stock is a holding.
How much short interest is there in Ares Capital Corp?
A steep rise in short interest was recorded in Ares Capital Corp stocks on 2025-01-15, growing by 0.93 million shares to a total of 18.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 17.07 million shares. There was a rise of 5.17%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 16, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $20.50 price target.
