PFD Stock Summary and Trading Ideas (Flah&Crum Pr Income Com | NYSE:PFD)

The Fund's investment objective is high current income for holders of its Common Stock consistent with preservation of capital. Flaherty & Crumrine Incorporated, the Fund's investment adviser (the "Adviser"), intends to pursue strategies that it expects generally to result in the Fund's income increasing in response to significant increases in long-term interest rates while being relatively resistant to the impact of declines in long-term interest rates. This strategy involves hedging strategies. In seeking its objectives, the Fund normally will invest at least 80% of its total assets in a diversified portfolio of preferred securities, some or all of which are expected to be hedged. The Fund may also invest up to 20% of its total assets in debt securities and up to 15% of its total assets in common stocks. The portions of the Fund's assets invested in various types of preferred, debt or common stock may vary from time to time depending on market conditions. The portion of securities that the Fund will hedge, as well as the types of hedge positions utilized, may also vary significantly from time to time. At time of purchase, at least 75% of the securities that the Fund will acquire will be rated investment grade by any one of Moody's Investors Services, Inc. ("Moody's") or Standard & Poor's Corporation ("S&P"), or Fitch Ratings Group ("Fitch"). In addition, the Fund may invest up to 25% of its assets at the time of purchase in securities rated below investment grade by all of Moody's, S&P and Fitch, as long (a) such securities are rated at least "Ba3" by Moody's, "BB-" by S&P, or "BB-" by Fitch or (b) such securities are issued by an issuer having an outstanding class of senior debt rated investment grade at the time of purchase. Thus, the Fund may invest in securities rated below "Ba3" by Moody's, "BB-" by S&P and "BB-" by Fitch if the issuer has investment grade senior debt outstanding.

Flah&Crum Pr Income Com trades on the NYSE stock market under the symbol PFD.

As of April 15, 2024, PFD stock price declined to $9.86 with 32,439 million shares trading.

PFD has a beta of 0.64, meaning it tends to be less sensitive to market movements. PFD has a correlation of 0.23 to the broad based SPY ETF.

PFD has a market cap of $126.73 million. This is considered a Micro Cap stock.

In the last 3 years, PFD stock traded as high as $18.80 and as low as $8.53.

PFD has underperformed the market in the last year with a price return of +1.1% while the SPY ETF gained +23.9%. PFD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.3% and -6.5%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

PFD support price is $10.00 and resistance is $10.20 (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 PFD stock will trade within this expected range on the day.