PMX Stock Summary and Trading Ideas (Pimco Muni Income III Com | NYSE:PMX)

The fund seeks current income exempt from federal income tax. Investing primarily in a portfolio of municipal bonds, the fund seeks to provide current income exempt from federal income tax. The fund normally invests at least 90% of its net assets (and at least 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax. It also seeks to be “AMT-free” by avoiding bonds generating interest that may subject individuals to the alternative minimum tax. The portfolio manager also aims to preserve and enhance the value of the fund’s holdings relative to the municipal bond market, generally, using proprietary analytical models that test and evaluate the sensitivity of those holdings to changes in interest rates and yield relationships.

Pimco Muni Income III Com trades on the NYSE stock market under the symbol PMX.

As of April 23, 2024, PMX stock price climbed to $7.47 with 192,652 million shares trading.

PMX has a beta of 0.74, meaning it tends to be less sensitive to market movements. PMX has a correlation of 0.21 to the broad based SPY ETF.

PMX has a market cap of $249.71 million. This is considered a Small Cap stock.

In the last 3 years, PMX stock traded as high as $13.30 and as low as $6.09.

PMX stock has underperformed the market in the last year with a return of -1.9%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PMX shares. However, PMX has outperformed the market in the last 3 month and 2 week periods, returning +6.6% and +1.3%, while SPY returned +4.6% and -2.6%, respectively. This indicates PMX has been having a stronger performance recently.

PMX support price is $7.29 and resistance is $7.45 (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 PMX stock will trade within this expected range on the day.