CLM Stock Summary and Trading Ideas (Cornerstone Strategic Value New | AMEX:CLM)

The funds investment objective is to seek long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. The Fund is registered under the Investment Company Act of 1940, as amended, as a closed-end, diversified management investment company. Cornerstone Strategic Value Fund, Inc. (the “Fund”) was incorporated in Maryland on May 1, 1987 and commenced investment operations on June 30, 1987.

Cornerstone Strategic Value New trades on the AMEX stock market under the symbol CLM.

As of April 18, 2024, CLM stock price climbed to $7.23 with 1,070,886 million shares trading.

CLM has a beta of 1.29, meaning it tends to be more sensitive to market movements. CLM has a correlation of 0.44 to the broad based SPY ETF.

CLM has a market cap of $1.71 billion. This is considered a Small Cap stock.

In the last 3 years, CLM stock traded as high as $14.75 and as low as $6.25.

CLM stock has underperformed the market in the last year with a return of +14.1%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CLM shares. However, CLM has outperformed the market in the last 3 month and 2 week periods, returning +8.4% and -3.8%, while SPY returned +6.1% and -3.8%, respectively. This indicates CLM has been having a stronger performance recently.

CLM support price is $7.11 and resistance is $7.25 (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 CLM stock will trade within this expected range on the day.