PZC Stock Summary and Trading Ideas (Pimco Ca Muni Income III | NYSE:PZC)

Seeks to provide current income exempt from federal and California 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 and California 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 Ca Muni Income III trades on the NYSE stock market under the symbol PZC.

As of April 17, 2024, PZC stock price climbed to $7.05 with 40,757 million shares trading.

PZC has a beta of 0.84, meaning it tends to be less sensitive to market movements. PZC has a correlation of 0.29 to the broad based SPY ETF.

PZC has a market cap of $158.54 million. This is considered a Micro Cap stock.

In the last 3 years, PZC stock traded as high as $11.77 and as low as $6.30.

PZC has underperformed the market in the last year with a price return of -5.9% while the SPY ETF gained +23.0%. PZC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and -7.1%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

PZC support price is $6.86 and resistance is $7.04 (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 PZC stock will trade within this expected range on the day.