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William H. Reinhardt Elected Vice President Research, Adams Diversified Equity Fund
Globe Newswire (Thu, 18-Apr 7:58 PM ET)
Adams Natural Resources Fund Declares Distribution and Announces First Quarter Performance
Globe Newswire (Thu, 18-Apr 7:34 PM ET)
Adams Diversified Equity Fund Declares Distribution and Announces First Quarter Performance
Globe Newswire (Thu, 18-Apr 7:34 PM ET)
The fund's investment objective is to provide its investors with reasonable income, preservation of capital and opportunity for capital gain. The fund invests in a diversified portfolio of securities enhanced by options writing.
Adams Diversified Equity trades on the NYSE stock market under the symbol ADX.
As of April 18, 2024, ADX stock price declined to $18.60 with 96,164 million shares trading.
ADX has a beta of 1.10, meaning it tends to be more sensitive to market movements. ADX has a correlation of 0.90 to the broad based SPY ETF.
ADX has a market cap of $2.31 billion. This is considered a Mid Cap stock.
In the last 3 years, ADX stock traded as high as $22.33 and as low as $14.20.
ADX has outperformed the market in the last year with a price return of +26.3% while the SPY ETF gained +22.3%. ADX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.1% and -3.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.
ADX support price is $18.59 and resistance is $18.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADX stock will trade within this expected range on the day.