CEM Stock Summary and Trading Ideas (Clearbridge MLP & Midstream | NYSE:CEM)

The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (“MLPs”) in the Energy sector. The Fund considers an entity to be within the Energy sector if it derives at least 50% of its revenues from the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.

Clearbridge MLP & Midstream trades on the NYSE stock market under the symbol CEM.

As of April 18, 2024, CEM stock price climbed to $44.73 with 22,834 million shares trading.

CEM has a beta of 0.87, meaning it tends to be less sensitive to market movements. CEM has a correlation of 0.19 to the broad based SPY ETF.

CEM has a market cap of $594.65 million. This is considered a Small Cap stock.

In the last 3 years, CEM stock traded as high as $46.79 and as low as $23.51.

CEM has outperformed the market in the last year with a return of +46.7%, while the SPY ETF gained +22.2%. In the last 3 month period, CEM beat the market returning +14.3%, while SPY returned +5.2%. However, in the most recent 2 weeks CEM has underperformed the stock market by returning -3.0%, while SPY returned -2.6%.

CEM support price is $43.93 and resistance is $44.85 (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 CEM stock will trade within this expected range on the day.