GDL Stock Summary and Trading Ideas (GDL The Common Shares Of Beneficial Interest | NYSE:GDL)

The Fund’s primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations. The Fund will invest at least 80% of its assets, under normal market conditions, in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations, giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations. The Fund may invest a high percentage of its assets in specific sectors of the market in order to achieve a potentially greater investment return. As a result, the Fund may be more susceptible to economic, political, and regulatory developments in a particular sector of the market, positive or negative, and may experience increased volatility to the Fund’s NAV and a magnified effect in its total return.

GDL The Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol GDL.

As of April 24, 2024, GDL stock price was flat at $7.83 with 3,905 million shares trading.

GDL has a market cap of $93.67 million. This is considered a Micro Cap stock.

In the last 3 years, GDL stock traded as high as $9.30 and as low as $7.65.

GDL has underperformed the market in the last year with a return of +7.8%, while the SPY ETF gained +24.2%. In the last 3 month period, GDL fell short of the market, returning +0.6%, while SPY returned +4.6%. However, in the most recent 2 weeks GDL has outperformed the stock market by returning -0.8%, while SPY returned -2.7%.

GDL support price is $7.78 and resistance is $7.88 (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 GDL stock will trade within this expected range on the day.