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 April 23, 2024, NIE stock price climbed to $21.85 with 28,592 million shares trading.

NIE has a beta of 1.00, meaning it tends to be less sensitive to market movements. NIE has a correlation of 0.74 to the broad based SPY ETF.

NIE has a market cap of $605.44 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 has underperformed the market in the last year with a price return of +20.2% while the SPY ETF gained +24.1%. NIE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.4% and -2.8%, respectively, while the SPY returned +4.8% and -2.7%, respectively.

NIE support price is $21.40 and resistance is $21.78 (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.