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. Ares Capital Corp shares valued at $136,500 were purchased by Bates Ann Torre on Feb 11 ’25. At $22.75 per share, Bates Ann Torre acquired 6,000 shares. The insider’s holdings grew to 30,000 shares worth approximately $0.69 million following the completion of this transaction.
As published in a research note from Raymond James on February 06, 2025, Ares Capital Corp [ARCC] has been rated down from an Outperform to a Mkt perform. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 02, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for ARCC. Earlier on January 08, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for ARCC stock which previously was a “a Buy”.
Analyzing ARCC Stock Performance
During the last five days, there has been a drop of approximately -1.83%. Over the course of the year, Ares Capital Corp shares have jumped approximately 5.25%. Shares of the company reached a 52-week high of $23.84 on 02/03/25 and a 52-week low of $21.86 on 01/13/25. A 50-day SMA is recorded $22.63, while a 200-day SMA reached $21.50. Nevertheless, trading volume fell to 3.42 million shares from 3.44 million shares the previous day.
Support And Resistance Levels for Ares Capital Corp (ARCC)
According to the 24-hour chart, there is a support level at 22.89, which, if violated, would cause prices to drop to 22.73. In the upper region, resistance lies at 23.27. The next price resistance is at 23.50. RSI (Relative Strength Index) is 49.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 52.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Ares Capital Corp (ARCC)?
On June 16, 2023, B. Riley Securities assigned a price target of “a Buy” to the stock and initiated coverage with a $20.50.
