On a relative basis, the stock has outperformed the S&P 500 by 2.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.35% in the last 1 week, and is up 2.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 4.9%.The 200 Day SMA reached 21.69%. Prospect Capital Corporation is up 13.96% in the last 3-month period. Year-to-Date the stock performance stands at 33.31%.
Prospect Capital Corporation (NASDAQ:PSEC): After opening at $8.5, the stock dipped to an intraday low of $8.4653 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.55 and the buying power remained strong till the end. The stock closed at $8.51 for the day, a gain of 0.12% for the day session. The total traded volume was 1,685,778. The stocks close on the previous trading day was $8.5.
Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Companys investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company primarily lends to and invests in middle market privately-held companies. Its investments include lending in private equity sponsored transactions; lending directly to companies not owned by private equity firms; control investments in corporate operating companies; control investments in financial companies; investments in structured credit; real estate investments; investments in syndicated debt; aircraft leasing, and online lending. The Company is managed by its investment adviser, Prospect Capital Management L.P.