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Stock impact report

Why Is Prospect Capital (PSEC) Stock Soaring Today [Yahoo! Finance]

Prospect Capital Corporation (PSEC) 
Last prospect capital corporation earnings: 2/10 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ww2.prospectstreet.com
Company Research Source: Yahoo! Finance
Barry, purchased nearly $1 million worth of company stock, signaling strong confidence in the company's future. A regulatory filing showed that Barry bought 374,500 shares for a total value of approximately $997,000. This transaction increased his direct ownership of the company. Investors often view such significant insider purchases as a positive sign, as it suggests that the company's leadership has a clear and optimistic view of its outlook. The purchase was made when the stock was trading near its 52-week low, which can be interpreted as a belief from the CEO that the shares were undervalued. After the initial pop the shares cooled down to $2.71, up 3.9% from previous close. Is now the time to buy Prospect Capital? Access our full analysis report here, it's free What Is The Market Telling Us Prospect Capital's shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news Show less Read more
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