PSEC
Time to buy PSEC?$2.43
+$0.06 (2.51%)
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Save your seatTrader's Perspective
PSEC fell from $2.78 on May 6 to $2.47 on May 8 after March-quarter results and a reset to $0.035 monthly dividends, then bounced back to the $2.43 area by May 29 as insider buying showed up.
A failure to hold $2.30 could see a retrace toward $2.20 to $2.11. More selling could hit if income slips again, net asset value keeps shrinking, or traders focus on fresh capital raises like the new preferred stock program.
If PSEC holds the $2.30 to $2.35 area, a move back toward $2.60 to $2.75 is on the table. Resistance at $2.47 is the first hurdle, then $2.75 where the post-earnings breakdown started.
Analyst Ratings
Prospect Capital Corporation Earnings
We don't currently have information about Prospect Capital Corporation's earnings.