BCX Stock Summary and Trading Ideas (Blackrock Resources & Commdty | NYSE:BCX)

BlackRock Resources & Commodities Strategy Trust’s (BCX) (the “Trust”) primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. The Trust will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources. While permitted, the Trust does not currently expect to invest in securities and derivatives linked to the underlying price movement of commodities or natural resources. The Trust seeks to pursue this goal primarily by investing in a portfolio of equity securities and utilizing an option overwriting strategy in an effort to seek total return performance and enhance distributions. On July 30, 2014, the Boards of each of the Trust, BlackRock Real Asset Equity Trust (“BCF”) and BlackRock EcoSolutions Investment Trust (“BQR”) approved the reorganizations of BCF and BQR with and in to the Trust, with the Trust continuing as the surviving fund after the reorganizations. At a special meeting of shareholders on November 10, 2014, the shareholders of the Trust, BCF and BQR approved the reorganizations of BCF and BQR with and in to the Trust. The reorganization was completed on December 8, 2014. The Board of the Trust approved a change of the fiscal year of the Trust from October 31st to December 31st.

Blackrock Resources & Commdty trades on the NYSE stock market under the symbol BCX.

As of November 20, 2024, BCX stock price climbed to $9.20 with 81,960 million shares trading.

BCX has a beta of 0.56, meaning it tends to be less sensitive to market movements. BCX has a correlation of 0.18 to the broad based SPY ETF.

BCX has a market cap of $756.74 million. This is considered a Small Cap stock.

In the last 3 years, BCX traded as high as $11.62 and as low as $7.91.

BCX has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +31.8%. BCX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -2.1%, respectively, while the SPY returned +5.2% and +1.8%, respectively.

BCX support price is $9.10 and resistance is $9.28 (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 BCX shares will trade within this expected range on the day.