In a filing, Main Street Capital Corporation revealed its MANAGING DIRECTOR Meserve Nicholas unloaded Company’s shares for reported $0.5 million on Dec 10 ’24. In the deal valued at $55.01 per share,9,000 shares were sold. As a result of this transaction, Meserve Nicholas now holds 87,667 shares worth roughly $5.17 million.
Then, Meserve Nicholas bought 9,000 shares, generating $495,091 in total proceeds.
Before that, Meserve Nicholas sold 6,000 shares. Main Street Capital Corporation shares valued at $275,761 were divested by the MANAGING DIRECTOR at a price of $45.96 per share. As a result of the transaction, Meserve Nicholas now holds 83,291 shares, worth roughly $4.92 million.
B. Riley Securities downgraded its Main Street Capital Corporation [MAIN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who increased its forecast for the stock in late June from “a Market perform” to “an Outperform”. UBS began covering MAIN with “Neutral” recommendation on December 19, 2022. B. Riley Securities started covering the stock on December 12, 2022. It rated MAIN as “a Buy”.
Price Performance Review of MAIN
On Tuesday, Main Street Capital Corporation [NYSE:MAIN] saw its stock fall -2.48% to $59.02. Over the last five days, the stock has lost -1.73%. Main Street Capital Corporation shares have risen nearly 0.75% since the year began. Nevertheless, the stocks have risen 32.25% over the past one year. While a 52-week high of $63.31 was reached on 02/21/25, a 52-week low of $44.36 was recorded on 01/13/25. SMA at 50 days reached $59.83, while 200 days put it at $53.06.
Levels Of Support And Resistance For MAIN Stock
The 24-hour chart illustrates a support level at 58.59, which if violated will result in even more drops to 58.16. On the upside, there is a resistance level at 59.72. A further resistance level may holdings at 60.41. The Relative Strength Index (RSI) on the 14-day chart is 42.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.40%. Stochastics %K at 46.77% indicates the stock is a holding.
