PennantPark Investment Corporation’s filing revealed that its Director Briones Jose A acquired Company’s shares for reported $24972.0 on Nov 27 ’24. In the deal valued at $6.79 per share,3,675 shares were bought. As a result of this transaction, Briones Jose A now holds 265,332 shares worth roughly $1.76 million.
Ladenburg Thalmann downgraded its PennantPark Investment Corporation [PNNT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in early September from “a Sell” to “a Neutral”. Compass Point also remained covering PNNT and has decreased its forecast on July 15, 2024 with a “Sell” recommendation from previously “Neutral” rating. Raymond James revised its rating on May 10, 2024. It rated PNNT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PNNT
On Monday, PennantPark Investment Corporation [NYSE:PNNT] saw its stock jump 1.84% to $6.64. Over the last five days, the stock has gained 3.59%. PennantPark Investment Corporation shares have fallen nearly -6.21% since the year began. Nevertheless, the stocks have fallen -8.16% over the past one year. While a 52-week high of $8.04 was reached on 03/03/25, a 52-week low of $5.72 was recorded on 04/09/25. SMA at 50 days reached $6.71, while 200 days put it at $6.93.
Levels Of Support And Resistance For PNNT Stock
The 24-hour chart illustrates a support level at 6.57, which if violated will result in even more drops to 6.50. On the upside, there is a resistance level at 6.75. A further resistance level may holdings at 6.86. The Relative Strength Index (RSI) on the 14-day chart is 54.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.61%. Stochastics %K at 76.98% indicates the stock is a holding.
