Where Will Triplepoint Venture Growth BDC Corp (TPVG) Stock Go Next After It Has Fallen 15.47% in a Week?

Overall market sentiment has been down on Triplepoint Venture Growth BDC Corp (TPVG) stock lately. TPVG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Triplepoint Venture Growth BDC Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TPVG!

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TPVG Stock Today?

Triplepoint Venture Growth BDC Corp (TPVG) stock is trading at $10.49 as of 9:45 AM on Thursday, Aug 3, a decline of -$1.98, or -15.88% from the previous closing price of $12.47. The stock has traded between $10.46 and $11.16 so far today. Volume today is low. So far 32,649 shares have traded compared to average volume of 154,047 shares. To screen for more stocks like Triplepoint Venture Growth BDC Corp click here.

More About Triplepoint Venture Growth BDC Corp

TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Click Here to get the full Stock Report for Triplepoint Venture Growth BDC Corp stock.