MIN Stock Summary and Trading Ideas (MFS Intermediate Income Trust | NYSE:MIN)

The fund’s investment objective is to seek high current income, but may also consider capital appreciation. MFS normally invests the fund’s assets primarily in debt instruments. MFS generally invests substantially all of the fund’s assets in investment grade debt instruments.

MFS Intermediate Income Trust trades on the NYSE stock market under the symbol MIN.

As of April 19, 2024, MIN stock price declined to $2.57 with 103,415 million shares trading.

MIN has a beta of 0.21, meaning it tends to be less sensitive to market movements. MIN has a correlation of 0.05 to the broad based SPY ETF.

MIN has a market cap of $293.01 million. This is considered a Small Cap stock.

In the last 3 years, MIN stock traded as high as $3.74 and as low as $2.52.

MIN has underperformed the market in the last year with a return of +1.7%, while the SPY ETF gained +21.2%. In the last 3 month period, MIN fell short of the market, returning -3.6%, while SPY returned +3.0%. However, in the most recent 2 weeks MIN has outperformed the stock market by returning -1.5%, while SPY returned -4.5%.

MIN support price is $2.56 and resistance is $2.60 (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 MIN stock will trade within this expected range on the day.