Do Traders Think Prospect Capital Corporation (PSEC) Can Keep Climbing Thursday?

Prospect Capital Corporation (PSEC) stock has gained 4.68% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Prospect Capital Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PSEC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PSEC Stock Today?

Prospect Capital Corporation (PSEC) stock is trading at $8.06 as of 10:40 AM on Thursday, Oct 7, a gain of $0.12, or 1.45% from the previous closing price of $7.94. The stock has traded between $7.96 and $8.06 so far today. Volume today is less active than usual. So far 568,486 shares have traded compared to average volume of 1,808,724 shares.

More About Prospect Capital Corporation

Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt. Click Here to get the full Stock Report for Prospect Capital Corporation stock.