GDO Stock Summary and Trading Ideas (Western Asset Global Defi | NYSE:GDO)

The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders on or about December 2, 2024. As a secondary objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in a portfolio of U.S. and foreign corporate fixed-income securities of varying maturities. Under normal market conditions, the Fund will invest at least 40% of its managed assets in fixed-income securities of foreign issuers organized or having a principal place of business outside the United States, including in emerging market countries. In addition, the Fund may invest up to 35% of its managed assets in fixed-income securities of below investment grade quality. Under normal market conditions, the Fund expects to maintain, on an ongoing basis, a dollar-weighted average credit quality of portfolio holdings of investment grade quality. When choosing investments, Western Asset Management Company (“Western Asset”), the Fund’s subadviser, focuses on corporate securities that exhibit pricing inefficiencies, improving credit conditions that offer income opportunities and the potential for high real yields.

Western Asset Global Defi trades on the NYSE stock market under the symbol GDO.

As of April 23, 2024, GDO stock price was flat at $12.04 with 44,285 million shares trading.

GDO has a beta of 0.43, meaning it tends to be less sensitive to market movements. GDO has a correlation of 0.26 to the broad based SPY ETF.

GDO has a market cap of $179.99 million. This is considered a Micro Cap stock.

In the last 3 years, GDO stock traded as high as $18.72 and as low as $11.15.

GDO has underperformed the market in the last year with a return of +6.9%, while the SPY ETF gained +24.3%. In the last 3 month period, GDO fell short of the market, returning -0.6%, while SPY returned +4.6%. However, in the most recent 2 weeks GDO has outperformed the stock market by returning -1.1%, while SPY returned -2.6%.

GDO support price is $11.94 and resistance is $12.14 (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 GDO stock will trade within this expected range on the day.