NIE Stock Summary and Trading Ideas (Allianzgi Equity & Conv | NYSE:NIE)

The fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Funds attempt to achieve this objective by investing in a portfolio of convertible securities and non-convertible income-producing securities.

Allianzgi Equity & Conv trades on the NYSE stock market under the symbol NIE.

As of May 1, 2024, NIE stock price declined to $21.69 with 24,631 million shares trading.

NIE has a beta of 1.00, meaning it tends to be more sensitive to market movements. NIE has a correlation of 0.75 to the broad based SPY ETF.

NIE has a market cap of $601.01 million. This is considered a Small Cap stock.

In the last 3 years, NIE stock traded as high as $32.27 and as low as $18.02.

NIE stock has underperformed the market in the last year with a return of +19.1%, while SPY returned +22.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NIE shares. However, NIE has outperformed the market in the last 3 month and 2 week periods, returning +2.9% and 0.0%, while SPY returned +2.3% and -0.5%, respectively. This indicates NIE has been having a stronger performance recently.

NIE support price is $21.54 and resistance is $21.95 (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 NIE stock will trade within this expected range on the day.