FAM Stock Summary and Trading Ideas (First Trust/Aberdeen Global Opp Income | NYSE:FAM)

First Trust/Aberdeen Global Opportunity Income Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to pursue a high level of current income. As a secondary objective, the Fund will pursue capital appreciation. The Fund will pursue these objectives by investing in the world bond markets through a diversified portfolio of investment grade and below-investment grade government and corporate debt securities. The Fund may invest up to 60% of its managed assets in non-investment grade securities.

First Trust/Aberdeen Global Opp Income trades on the NYSE stock market under the symbol FAM.

As of April 19, 2024, FAM stock price climbed to $6.39 with 6,875 million shares trading.

FAM has a beta of 0.74, meaning it tends to be less sensitive to market movements. FAM has a correlation of 0.36 to the broad based SPY ETF.

FAM has a market cap of $64.82 million. This is considered a Micro Cap stock.

In the last 3 years, FAM stock traded as high as $10.36 and as low as $5.23.

FAM stock has underperformed the market in the last year with a return of +19.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FAM shares. However, FAM has outperformed the market in the last 3 month and 2 week periods, returning +5.6% and -1.1%, while SPY returned +4.3% and -3.5%, respectively. This indicates FAM has been having a stronger performance recently.

FAM support price is $6.27 and resistance is $6.43 (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 FAM stock will trade within this expected range on the day.