EEA Stock Summary and Trading Ideas (European Equity | NYSE:EEA)

The Fund seeks long-term capital appreciation primarily through investment in European equities. At the Annual Meeting of Stockholders held on June 19, 2014, stockholders voted to approve a proposal to change the Fund's fundamental investment objective from seeking "long-term capital appreciation through investment primarily in equity or equity-linked securities of issuers domiciled in countries in Europe that utilize the euro currency" to seeking "long-term capital appreciation through investment primarily in equity or equity-linked securities of issuers domiciled in countries that are members of the European Union" and to make corresponding changes to the Fund's related fundamental investment policy so that it reads that "under normal circumstances at least 80% of the Fund's net assets (plus any assets funded with leverage) will be invested in equity or equity-linked securities of issuers domiciled in countries that are members of the European Union." As a result of these changes, the Fund's benchmark changed from the MSCI EMU Index to the MSCI Europe Index effective July 1, 2014. The Fund expects that ordinarily substantially all of its assets will be invested in securities of issuers domiciled in European countries.

European Equity trades on the NYSE stock market under the symbol EEA.

As of April 19, 2024, EEA stock price climbed to $8.52 with 11,563 million shares trading.

EEA has a market cap of $58.05 million. This is considered a Micro Cap stock.

In the last 3 years, EEA stock traded as high as $12.00 and as low as $6.06.

EEA has underperformed the market in the last year with a price return of -0.1% while the SPY ETF gained +21.2%. EEA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -3.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

EEA support price is $8.38 and resistance is $8.54 (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 EEA stock will trade within this expected range on the day.