GCV Stock Summary and Trading Ideas (Gabelli Convertible And Income Securities | NYSE:GCV)

The Gabelli Convertible and Income Securities Fund Inc. is a diversified closed-end management investment company whose investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The Fund will invest at least 80% of its net assets, under normal market conditions, in a combination of convertible securities and income producing securities (the “80% Policy”). The Fund expects to continue its practice of focusing on convertible securities to the extent attractive opportunities are available. The 80% Policy may be changed without shareholder approval. However, the Fund has adopted a policy to provide shareholders with notice at least sixty days prior to the implementation of any change in the 80% Policy.

Gabelli Convertible And Income Securities trades on the NYSE stock market under the symbol GCV.

As of April 18, 2024, GCV stock price climbed to $3.46 with 48,919 million shares trading.

GCV has a beta of 0.93, meaning it tends to be less sensitive to market movements. GCV has a correlation of 0.38 to the broad based SPY ETF.

GCV has a market cap of $67.02 million. This is considered a Micro Cap stock.

In the last 3 years, GCV stock traded as high as $7.21 and as low as $3.15.

GCV has underperformed the market in the last year with a price return of -12.2% while the SPY ETF gained +22.3%. GCV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.1% and -6.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

GCV support price is $3.38 and resistance is $3.48 (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 GCV stock will trade within this expected range on the day.