CCD Stock Summary and Trading Ideas (Calamos Dynamic Conv & Income | NASDAQ:CCD)

The fund can invest in convertibles and other fixed income securities with the aim of generating a high level of total return through a combination of capital appreciation and income. To help generate income and attempt to achieve a more favorable reward/risk profile, the fund’s investment team also has the flexibility to sell options.

Calamos Dynamic Conv & Income trades on the NASDAQ stock market under the symbol CCD.

As of April 19, 2024, CCD stock price climbed to $21.20 with 105,534 million shares trading.

CCD has a beta of 1.05, meaning it tends to be more sensitive to market movements. CCD has a correlation of 0.42 to the broad based SPY ETF.

CCD has a market cap of $564.86 million. This is considered a Small Cap stock.

In the last 3 years, CCD stock traded as high as $33.80 and as low as $16.93.

CCD stock has underperformed the market in the last year with a return of +7.7%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CCD shares. However, CCD has outperformed the market in the last 3 month and 2 week periods, returning +9.6% and 0.0%, while SPY returned +3.0% and -4.5%, respectively. This indicates CCD has been having a stronger performance recently.

CCD support price is $20.70 and resistance is $21.20 (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 CCD stock will trade within this expected range on the day.