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 19, 2024, AIO stock price declined to $18.76 with 133,215 million shares trading.

AIO has a beta of 1.30, meaning it tends to be more sensitive to market movements. AIO has a correlation of 0.66 to the broad based SPY ETF.

AIO has a market cap of $644.24 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 underperformed the market in the last year with a price return of +20.1% while the SPY ETF gained +21.2%. However, in the short term, AIO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.9% vs +4.3% return in SPY. But in the last 2 weeks, AIO shares have been beat by the market, returning -4.4% compared to an SPY return of -3.5%.

AIO support price is $18.78 and resistance is $19.16 (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.