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 June 18, 2026, MCN stock price declined to $5.55 with 109,587 million shares trading.

MCN has a beta of 0.49, meaning it tends to be less sensitive to market movements. MCN has a correlation of 0.28 to the broad based SPY ETF.

MCN has a market cap of $117.20 million. This is considered a Micro Cap stock.

In the last 3 years, MCN traded as high as $7.93 and as low as $5.16.

MCN has underperformed the market in the last year with a price return of +2.6% while the SPY ETF gained +26.9%. MCN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.1% and -3.8%, respectively, while the SPY returned +13.5% and -1.1%, respectively.

MCN support price is $5.53 and resistance is $5.64 (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.