AFB Stock Summary and Trading Ideas (Alliancebernstein Nat Muni Income | NYSE:AFB)

The fund's investment objective is to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax. The Fund will normally invest at least 80%, and normally substantially all, of its net assets in municipal securities paying interest that is exempt from regular federal income tax. The Fund will also normally invest at least 75% of its assets in investment-grade municipal securities or unrated municipal securities considered to be of comparable quality. The Fund may invest up to 25% of its net assets in municipal bonds rated below investment-grade and unrated municipal bonds considered to be of comparable quality as determined by AllianceBernstein L.P., (the “Adviser”). The Fund intends to invest primarily in municipal securities that pay interest that is not subject to the federal Alternative Minimum Tax (“AMT”), but may invest without limit in municipal securities paying interest that is subject to the federal AMT.

Alliancebernstein Nat Muni Income trades on the NYSE stock market under the symbol AFB.

As of September 29, 2023, AFB stock price declined to $9.34 with 112,309 million shares trading.

AFB has a beta of 0.39, meaning it tends to be less sensitive to market movements. AFB has a correlation of 0.30 to the broad based SPY ETF.

AFB has a market cap of $268.48 million. This is considered a Small Cap stock.

In the last 3 years, AFB stock traded as high as $15.58 and as low as $9.34.

AFB has underperformed the market in the last year with a price return of -7.3% while the SPY ETF gained +17.1%. AFB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.9% and -6.8%, respectively, while the SPY returned -1.7% and -4.4%, respectively.

AFB support price is $9.35 and resistance is $9.51 (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 AFB stock will trade within this expected range on the day.