PCM Stock Summary and Trading Ideas (PCM | NYSE:PCM)

The fund investment objective is high current income. Capital gain from the disposition of assets is a secondary objective. The fund has the ability to invest in agency-guaranteed mortgage-backed securities, private label (commonly known as “non-agency”) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities. Additionally, the fund may invest in credit derivatives, such as credit default swaps, and other derivative instruments for gaining synthetic exposures. The fund may invest without limit in securities that are, at the time of purchase, rated below investment grade or unrated but judged by PIMCO to be of comparable quality.

PCM trades on the NYSE stock market under the symbol PCM.

As of May 24, 2024, PCM stock price climbed to $8.80 with 34,832 million shares trading.

PCM has a beta of 0.99, meaning it tends to be less sensitive to market movements. PCM has a correlation of 0.20 to the broad based SPY ETF.

PCM has a market cap of $105.82 million. This is considered a Micro Cap stock.

In the last 3 years, PCM stock traded as high as $12.23 and as low as $6.88.

PCM has underperformed the market in the last year with a price return of +8.4% while the SPY ETF gained +29.5%. However, in the short term, PCM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.6% vs +4.6% return in SPY. But in the last 2 weeks, PCM shares have been beat by the market, returning +0.7% compared to an SPY return of +1.8%.

PCM support price is $8.61 and resistance is $8.91 (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 PCM stock will trade within this expected range on the day.