MCN Stock Summary and Trading Ideas (Madison Covered Call & Equity Strategy | NYSE:MCN)

The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund will pursue its investment objectives by investing primarily in large and mid-capitalization common stocks that are, in the view of Madison Asset Management, LLC, the Fund’s investment adviser (the “Adviser”), selling at a reasonable price in relation to their long-term earnings growth rates. Under normal market conditions, the Fund will seek to generate current earnings from option premiums by writing (selling) covered call options on a substantial portion of its portfolio securities.

Madison Covered Call & Equity Strategy trades on the NYSE stock market under the symbol MCN.

As of December 26, 2025, MCN stock price declined to $5.93 with 104,732 million shares trading.

MCN has a beta of 0.68, meaning it tends to be less sensitive to market movements. MCN has a correlation of 0.57 to the broad based SPY ETF.

MCN has a market cap of $125.22 million. This is considered a Micro Cap stock.

In the last 3 years, MCN traded as high as $8.60 and as low as $5.16.

MCN has underperformed the market in the last year with a return of -0.9%, while the SPY ETF gained +16.0%. In the last 3 month period, MCN fell short of the market, returning -0.5%, while SPY returned +4.6%. However, in the most recent 2 weeks MCN has outperformed the stock market by returning +2.2%, while SPY returned +1.5%.

MCN support price is $5.89 and resistance is $5.99 (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 MCN shares will trade within this expected range on the day.