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.
BlackRock TCP Capital Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TCPC!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TCPC Stock Today?
BlackRock TCP Capital Corp (TCPC) stock is down -5.36% while the S&P 500 is unchanged 0% as of 11:49 AM on Monday, Jun 15. TCPC is down -$0.53 from the previous closing price of $9.80 on volume of 258,615 shares. Over the past year the S&P 500 has gained 5.25% while TCPC is down -35.29%. TCPC lost -$1.07 per share in the over the last 12 months.
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.
