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Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2024
Business Wire (Fri, 19-Apr 8:00 AM ET)
Templeton Emerging Markets Fund seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in emerging country equity securities.
Templeton Emerging Markets trades on the NYSE stock market under the symbol EMF.
As of April 22, 2024, EMF stock price climbed to $11.35 with 36,597 million shares trading.
EMF has a beta of 0.97, meaning it tends to be less sensitive to market movements. EMF has a correlation of 0.45 to the broad based SPY ETF.
EMF has a market cap of $177.78 million. This is considered a Micro Cap stock.
In the last 3 years, EMF stock traded as high as $20.26 and as low as $10.10.
EMF has underperformed the market in the last year with a price return of +6.3% while the SPY ETF gained +22.9%. However, in the short term, EMF had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.0% vs +3.7% return in SPY. But in the last 2 weeks, EMF shares have been beat by the market, returning -5.5% compared to an SPY return of -3.7%.
EMF support price is $11.07 and resistance is $11.33 (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 EMF stock will trade within this expected range on the day.