Overall market sentiment has been high on BlackRock TCP Capital Corp (TCPC) stock lately. TCPC receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 TCPC Stock Today?
BlackRock TCP Capital Corp (TCPC) stock is trading at $14.88 as of 1:46 PM on Monday, Mar 15, a rise of $0.48, or 3.33% from the previous closing price of $14.40. The stock has traded between $14.51 and $15.07 so far today. Volume today is high. So far 1,014,778 shares have traded compared to average volume of 310,359 shares.
To see InvestorsObserver's Sentiment Score for BlackRock TCP Capital Corp click here.
More About BlackRock TCP Capital Corp
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve our investment objective primarily through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.
Click Here to get the full Stock Score Report on BlackRock TCP Capital Corp (TCPC) Stock.
