CGO Stock Summary and Trading Ideas (Calamos Global Total Return - Closed End | NASDAQ:CGO)

Calamos Global Total Return Fund (CGO) is a global total return oriented offering that seeks to provide an attractive monthly distribution. Calamos Global invests in a diversified portfolio of global equities, convertible securities and high-yield securities. The allocation to each asset class is dynamic and reflects its view of the economic landscape as well as the potential of individual securities. By combining these asset classes, Calamos Global seeks to generate capital gains as well as income.

Calamos Global Total Return - Closed End trades on the NASDAQ stock market under the symbol CGO.

As of April 24, 2024, CGO stock price climbed to $10.02 with 27,865 million shares trading.

CGO has a beta of 1.07, meaning it tends to be more sensitive to market movements. CGO has a correlation of 0.63 to the broad based SPY ETF.

CGO has a market cap of $98.45 million. This is considered a Micro Cap stock.

In the last 3 years, CGO stock traded as high as $17.47 and as low as $7.91.

CGO stock has underperformed the market in the last year with a return of +16.2%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CGO shares. However, CGO has outperformed the market in the last 3 month and 2 week periods, returning +12.1% and -1.8%, while SPY returned +4.6% and -2.7%, respectively. This indicates CGO has been having a stronger performance recently.

CGO support price is $9.81 and resistance is $10.09 (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 CGO stock will trade within this expected range on the day.