AIO Stock Summary and Trading Ideas (Allianzgi Artificial | NYSE:AIO)

AllianzGI Artificial Intelligence & Technology Opportunities Fund is a newly organized, diversified, limited term closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation.

Allianzgi Artificial trades on the NYSE stock market under the symbol AIO.

As of April 24, 2024, AIO stock price climbed to $19.18 with 86,650 million shares trading.

AIO has a beta of 1.31, meaning it tends to be more sensitive to market movements. AIO has a correlation of 0.69 to the broad based SPY ETF.

AIO has a market cap of $658.66 million. This is considered a Small Cap stock.

In the last 3 years, AIO stock traded as high as $28.67 and as low as $14.92.

AIO has outperformed the market in the last year with a return of +25.5%, while the SPY ETF gained +24.1%. In the last 3 month period, AIO beat the market returning +5.5%, while SPY returned +4.5%. However, in the most recent 2 weeks AIO has underperformed the stock market by returning -2.7%, while SPY returned -1.7%.

AIO support price is $18.95 and resistance is $19.37 (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 AIO stock will trade within this expected range on the day.