PCN Stock Summary and Trading Ideas (Pimco Corporate & Income Strategy | NYSE:PCN)

The fund seeks high current income, with a secondary objective of capital preservation and appreciation. Using a dynamic asset allocation strategy that focuses on duration management, credit quality analysis, risk management techniques, and broad diversification among issuers, industries and sectors, the multi-sector fund seeks high current income, with a secondary objective of capital preservation and appreciation. Under normal market conditions, the fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as U.S. government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis. The fund will typically invest at least 25% of its total assets in corporate debt obligations and other corporate income-producing securities. The fund may invest a maximum of 25% of its total assets in non-U.S.-dollar-denominated securities. The fund will normally maintain an average portfolio duration of between zero and eight years.

Pimco Corporate & Income Strategy trades on the NYSE stock market under the symbol PCN.

As of May 13, 2024, PCN stock price climbed to $12.65 with 162,536 million shares trading.

PCN has a beta of 0.69, meaning it tends to be less sensitive to market movements. PCN has a correlation of 0.17 to the broad based SPY ETF.

PCN has a market cap of $699.18 million. This is considered a Small Cap stock.

In the last 3 years, PCN stock traded as high as $19.47 and as low as $10.70.

PCN has underperformed the market in the last year with a price return of +9.2% while the SPY ETF gained +27.8%. PCN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.5% and +0.9%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

PCN support price is $12.48 and resistance is $12.76 (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 PCN stock will trade within this expected range on the day.