MMU Stock Summary and Trading Ideas (Western Asset Managed Muni Com | NYSE:MMU)

The Fund seeks to maximize current income exempt from federal income tax as is consistent with the preservation of principal. The fund selects securities primarily by identifying undervalued sectors and individual securities, while also selecting securities that it believes will benefit from changes in market conditions. Under normal market conditions, the Fund invests primarily in investment grade municipal bonds, but it can also invest up to 20% of its total assets in municipal bonds rated below investment grade by a nationally recognized statistical rating organization or, if unrated, determined to be of equivalent quality. The Fund may also use a variety of derivative instruments for investment purposes, as well as for hedging or risk-management purposes.

Western Asset Managed Muni Com trades on the NYSE stock market under the symbol MMU.

As of May 8, 2024, MMU stock price climbed to $10.23 with 173,065 million shares trading.

MMU has a beta of 0.55, meaning it tends to be less sensitive to market movements. MMU has a correlation of 0.28 to the broad based SPY ETF.

MMU has a market cap of $560.28 million. This is considered a Small Cap stock.

In the last 3 years, MMU stock traded as high as $13.98 and as low as $8.60.

MMU has underperformed the market in the last year with a price return of +6.4% while the SPY ETF gained +27.0%. MMU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.1% and +1.8%, respectively, while the SPY returned +4.2% and +2.3%, respectively.

MMU support price is $10.14 and resistance is $10.28 (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 MMU stock will trade within this expected range on the day.