ERC Stock Summary and Trading Ideas (Allspring Multi-Sector Income | AMEX:ERC)

The fund seeks to provide a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The fund invests in a mix of non-investment-grade corporate debt securities, including floating rate high yield bank loan securities, foreign and emerging market debt securities, adjustable and

Allspring Multi-Sector Income trades on the AMEX stock market under the symbol ERC.

As of April 23, 2024, ERC stock price climbed to $8.94 with 74,694 million shares trading.

ERC has a beta of 0.71, meaning it tends to be less sensitive to market movements. ERC has a correlation of 0.48 to the broad based SPY ETF.

ERC has a market cap of $250.91 million. This is considered a Small Cap stock.

In the last 3 years, ERC stock traded as high as $14.07 and as low as $8.27.

ERC has underperformed the market in the last year with a price return of +7.7% while the SPY ETF gained +24.3%. ERC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.2% and -2.6%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

ERC support price is $8.83 and resistance is $8.95 (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 ERC stock will trade within this expected range on the day.