CVR Stock Summary and Trading Ideas (Chicago Rivet & Machine Co. | AMEX:CVR)

Chicago Rivet & Machine Co is in the fastener industry in North America. The company operates in two segments namely fasteners and assembly equipment. Its fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners, parts, and screw machine products. The assembly equipment segment consists mainly of the manufacture of automatic rivet setting machines, automatic assembly equipment, and parts and tools for such machines. The majority of revenue is from the fastener segment. Geographically, the majority is from the United States.

Chicago Rivet & Machine Co. trades on the AMEX stock market under the symbol CVR.

As of May 8, 2024, CVR stock price climbed to $17.01 with 702 million shares trading.

CVR has a market cap of $16.43 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CVR stock traded as high as $32.94 and as low as $14.73.

The top ETF exchange traded funds that CVR belongs to (by Net Assets): VTI, VXF, DFAT, DFSV, DFUV.

CVR has underperformed the market in the last year with a return of -36.3%, while the SPY ETF gained +27.0%. In the last 3 month period, CVR fell short of the market, returning +0.1%, while SPY returned +4.2%. However, in the most recent 2 weeks CVR has outperformed the stock market by returning +5.1%, while SPY returned +2.3%.

CVR support price is $16.04 and resistance is $17.32 (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 CVR stock will trade within this expected range on the day.