NXC Stock Summary and Trading Ideas (Nuveen Ca Select Tax-Free | NYSE:NXC)

The fund's investment objective is to provide stable dividends exempt from both regular federal income tax and California personal income tax, consistent with preservation of capital. The fund invests in municipal securities that are exempt from federal and California state income taxes. The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund may invest in inverse floating rate municipal securities, also known as tender option bonds. The fund’s use of tender option bonds to more efficiently implement its investment strategy may create up to 10% effective leverage.

Nuveen Ca Select Tax-Free trades on the NYSE stock market under the symbol NXC.

As of April 19, 2024, NXC stock price declined to $12.86 with 8,689 million shares trading.

NXC has a market cap of $81.82 million. This is considered a Micro Cap stock.

In the last 3 years, NXC stock traded as high as $19.87 and as low as $11.86.

NXC has underperformed the market in the last year with a price return of -0.1% while the SPY ETF gained +21.2%. NXC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.4% and -3.8%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

NXC support price is $12.75 and resistance is $13.00 (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 NXC stock will trade within this expected range on the day.