MUC Stock Summary and Trading Ideas (Blackrock Munihlds California Quality | NYSE:MUC)

BlackRock MuniHoldings California Quality Fund, Inc.’s (MUC) (the “Fund”) investment objective is to provide shareholders with current income exempt from federal and California income taxes. The Fund seeks to achieve its investment objective by investing primarily in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and California income taxes. Under normal market conditions, the Fund invests at least 80% of its assets in investment grade municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Munihlds California Quality trades on the NYSE stock market under the symbol MUC.

As of April 19, 2024, MUC stock price climbed to $10.68 with 99,347 million shares trading.

MUC has a beta of 0.55, meaning it tends to be less sensitive to market movements. MUC has a correlation of 0.24 to the broad based SPY ETF.

MUC has a market cap of $1.01 billion. This is considered a Small Cap stock.

In the last 3 years, MUC stock traded as high as $16.47 and as low as $9.20.

MUC has underperformed the market in the last year with a return of +4.1%, while the SPY ETF gained +21.2%. In the last 3 month period, MUC fell short of the market, returning -1.3%, while SPY returned +3.0%. However, in the most recent 2 weeks MUC has outperformed the stock market by returning -2.1%, while SPY returned -4.5%.

MUC support price is $10.60 and resistance is $10.73 (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 MUC stock will trade within this expected range on the day.