EDD Stock Summary and Trading Ideas (Morgan Stanley Emrgng Markets Dom Debt | NYSE:EDD)

The Fund's primary investment objective is to seek a high level of current income, with a secondary investment objective of long-term capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its managed assets in emerging markets domestic debt.

Morgan Stanley Emrgng Markets Dom Debt trades on the NYSE stock market under the symbol EDD.

As of April 18, 2024, EDD stock price declined to $4.46 with 149,079 million shares trading.

EDD has a beta of 0.72, meaning it tends to be less sensitive to market movements. EDD has a correlation of 0.29 to the broad based SPY ETF.

EDD has a market cap of $291.05 million. This is considered a Small Cap stock.

In the last 3 years, EDD stock traded as high as $6.35 and as low as $3.84.

EDD has underperformed the market in the last year with a price return of +1.9% while the SPY ETF gained +22.3%. EDD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.6% and -4.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

EDD support price is $4.44 and resistance is $4.54 (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 EDD stock will trade within this expected range on the day.