GAB Stock Summary and Trading Ideas (Gabelli Equity Trust | NYSE:GAB)

The Gabelli Equity Trust is a closed-end, non-diversified management investment company whose investment objective is long term growth of capital, with income as a secondary objective. Investments will be made based on management's perception of their potential for capital appreciation. The Fund seeks out undervalued companies with greater than average potential for growth. The Equity Trust maintains a 10% Distribution Policy whereby the Trust pays out to common shareholders 10% of its average net assets each year. This distribution is paid quarterly. The distribution rate is not representative of dividend yield or the total return of the Fund and may include a return of capital.

Gabelli Equity Trust trades on the NYSE stock market under the symbol GAB.

As of April 19, 2024, GAB stock price declined to $5.20 with 411,600 million shares trading.

GAB has a beta of 1.11, meaning it tends to be more sensitive to market movements. GAB has a correlation of 0.51 to the broad based SPY ETF.

GAB has a market cap of $1.57 billion. This is considered a Small Cap stock.

In the last 3 years, GAB stock traded as high as $7.57 and as low as $4.56.

GAB stock has underperformed the market in the last year with a return of +1.0%, while SPY returned +21.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GAB shares. However, GAB has outperformed the market in the last 3 month and 2 week periods, returning +5.5% and -3.2%, while SPY returned +4.2% and -3.5%, respectively. This indicates GAB has been having a stronger performance recently.

GAB support price is $5.15 and resistance is $5.27 (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 GAB stock will trade within this expected range on the day.