JMM Stock Summary and Trading Ideas (Nuveen Multi-Market Income (Ma) | NYSE:JMM)

The funds investment objective is to provide high monthly income. The fund will invest primarily in debt securities, including, but not limited to, U.S. agency and privately issued mortgage-backed securities, corporate debt securities, and asset-backed securities. At least 65% of the fund’s total assets must be invested in securities that, at the time of purchase, are rated investment-grade or of comparable quality. The fund may utilize derivatives including options; futures contracts; options on futures contracts; interest-rate caps, collars and floors; interest-rate, total return, and credit default swap agreements; and options on the foregoing type of swap agreements. The fund uses leverage.

Nuveen Multi-Market Income (Ma) trades on the NYSE stock market under the symbol JMM.

As of April 19, 2024, JMM stock price was flat at $5.84 with 3,392 million shares trading.

JMM has a market cap of $55.26 million. This is considered a Micro Cap stock.

In the last 3 years, JMM stock traded as high as $7.71 and as low as $5.29.

JMM has underperformed the market in the last year with a return of +7.3%, while the SPY ETF gained +21.0%. In the last 3 month period, JMM fell short of the market, returning +0.9%, while SPY returned +4.1%. However, in the most recent 2 weeks JMM has outperformed the stock market by returning -2.9%, while SPY returned -3.6%.

JMM support price is $5.80 and resistance is $5.88 (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 JMM stock will trade within this expected range on the day.