MMT Stock Summary and Trading Ideas (MFS Multi-Market Income | NYSE:MMT)

The fund’s investment objective is to seek high current income, but may also consider capital appreciation. The fund normally invests at least 80% of its net assets in fixed income securities. MFS considers debt instruments of all types to be fixed income securities. MFS normally invests the fund’s assets in corporate bonds of US and/or foreign issuers, US Government securities, foreign government securities, mortgage-backed and other asset-backed securities of US and foreign issuers, and/or debt instruments of issuers located in emerging market countries. MFS allocates the fund’s assets across these categories with a view toward broad diversification across and within these categories. MFS may also invest the fund’s assets in equity securities.

MFS Multi-Market Income trades on the NYSE stock market under the symbol MMT.

As of April 19, 2024, MMT stock price was flat at $4.49 with 101,969 million shares trading.

MMT has a beta of 0.46, meaning it tends to be less sensitive to market movements. MMT has a correlation of 0.35 to the broad based SPY ETF.

MMT has a market cap of $254.91 million. This is considered a Small Cap stock.

In the last 3 years, MMT stock traded as high as $6.65 and as low as $4.04.

MMT has underperformed the market in the last year with a return of +5.3%, while the SPY ETF gained +21.2%. In the last 3 month period, MMT fell short of the market, returning +0.5%, while SPY returned +4.3%. However, in the most recent 2 weeks MMT has outperformed the stock market by returning -1.7%, while SPY returned -3.5%.

MMT support price is $4.46 and resistance is $4.52 (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 MMT stock will trade within this expected range on the day.