PMM Stock Summary and Trading Ideas (Putnam Managed Muni Income Com | NYSE:PMM)

The fund seeks to provide high current income free from federal income tax. The fund pursues its goal by investing in a diversified portfolio of tax-exempt municipal securities. The fund currently uses investment leverage by issuing preferred shares.

Putnam Managed Muni Income Com trades on the NYSE stock market under the symbol PMM.

As of April 18, 2024, PMM stock price was flat at $5.90 with 26,725 million shares trading.

PMM has a beta of 0.76, meaning it tends to be less sensitive to market movements. PMM has a correlation of 0.28 to the broad based SPY ETF.

PMM has a market cap of $277.88 million. This is considered a Small Cap stock.

In the last 3 years, PMM stock traded as high as $8.92 and as low as $5.00.

PMM has underperformed the market in the last year with a return of +2.4%, while the SPY ETF gained +23.0%. In the last 3 month period, PMM fell short of the market, returning -3.1%, while SPY returned +6.8%. However, in the most recent 2 weeks PMM has outperformed the stock market by returning -0.5%, while SPY returned -3.2%.

PMM support price is $5.85 and resistance is $5.95 (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 PMM stock will trade within this expected range on the day.