CIK Stock Summary and Trading Ideas (Credit Suisse Asset Mgmt Income | AMEX:CIK)

The fund Seeks current income consistent with the preservation of capital by investing primarily in fixed-income securities. Under normal circumstances, the Fund will invest at least 75% of its total assets in fixed-income securities, such as bonds, debentures, and preferred stock. Most of the portfolio invested in U.S. high yield corporate debt, with some exposure to sovereign or corporate debt of developing nations.

Credit Suisse Asset Mgmt Income trades on the AMEX stock market under the symbol CIK.

As of April 19, 2024, CIK stock price was flat at $2.86 with 341,088 million shares trading.

CIK has a beta of 0.56, meaning it tends to be less sensitive to market movements. CIK has a correlation of 0.15 to the broad based SPY ETF.

CIK has a market cap of $150.96 million. This is considered a Micro Cap stock.

In the last 3 years, CIK stock traded as high as $3.64 and as low as $2.39.

CIK has underperformed the market in the last year with a return of +16.8%, while the SPY ETF gained +21.2%. In the last 3 month period, CIK fell short of the market, returning -2.1%, while SPY returned +4.3%. However, in the most recent 2 weeks CIK has outperformed the stock market by returning -1.8%, while SPY returned -3.5%.

CIK support price is $2.82 and resistance is $2.90 (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 CIK stock will trade within this expected range on the day.