Why Ares Capital Stock Withered on Wednesday
Ares Capital(ARCC) The Motley Fool·2025-02-06 00:09There was plenty of news about Ares Capital (ARCC -2.98%) on Wednesday, but investors didn't generally consider it to be good. Following the release of the company's latest set of earnings and an announcement regarding a leadership transition, the market largely shunned the stock. It closed 3% lower in price on a day when the S&P 500 index inched into the black with a 0.4% increase.A pair of misses in the fourth quarterAres, a prominent business development company (BDC), reported its fourth-quarter and ful ...