FMN Stock Summary and Trading Ideas (Federated Premier Muni Income | NYSE:FMN)

The funds investment objective is to pursue current income exempt from federal income tax, including the alternative minimum tax (AMT). The fund invests in long-term, tax-exempt municipal bonds diversified among states, sectors and issuers. The fund is managed to pursue attractive yields through changing market cycles. The fund may invest up to 20% of its assets in non-investment grade securities that generally entail greater market, credit and liquidity risks than investment grade securities.

Federated Premier Muni Income trades on the NYSE stock market under the symbol FMN.

As of April 23, 2024, FMN stock price climbed to $11.02 with 27,928 million shares trading.

FMN has a beta of 0.56, meaning it tends to be less sensitive to market movements. FMN has a correlation of 0.31 to the broad based SPY ETF.

FMN has a market cap of $126.71 million. This is considered a Micro Cap stock.

In the last 3 years, FMN stock traded as high as $16.97 and as low as $9.09.

FMN has underperformed the market in the last year with a return of +7.3%, while the SPY ETF gained +24.3%. In the last 3 month period, FMN fell short of the market, returning +2.3%, while SPY returned +4.9%. However, in the most recent 2 weeks FMN has outperformed the stock market by returning +0.5%, while SPY returned -2.5%.

FMN support price is $10.92 and resistance is $11.03 (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 FMN stock will trade within this expected range on the day.