RCS Stock Summary and Trading Ideas (Pimco Strategic Income | NYSE:RCS)

PIMCO Strategic Income Fund’s primary investment objective is to generate a level of income that is higher than that generated by high quality, intermediate-term U.S. debt securities. The Fund also seeks capital appreciation to the extent consistent with this objective. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of income-producing securities of non-corporate issuers, such as securities issued or guaranteed by the U.S. or foreign governments, mortgage-related and other asset-backed securities issued on a public or private basis, corporate debt obligations, and other income-producing securities of varying maturities issued by U.S. or foreign (non-U.S.) corporations or other business entities, including emerging market issuers and municipal securities.

Pimco Strategic Income trades on the NYSE stock market under the symbol RCS.

As of April 19, 2024, RCS stock price climbed to $5.64 with 12,706 million shares trading.

RCS has a beta of 1.12, meaning it tends to be more sensitive to market movements. RCS has a correlation of 0.23 to the broad based SPY ETF.

RCS has a market cap of $259.53 million. This is considered a Small Cap stock.

In the last 3 years, RCS stock traded as high as $8.23 and as low as $4.51.

RCS has underperformed the market in the last year with a price return of +16.9% while the SPY ETF gained +21.8%. RCS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.6% and -7.0%, respectively, while the SPY returned +4.8% and -2.9%, respectively.

RCS support price is $5.55 and resistance is $5.71 (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 RCS stock will trade within this expected range on the day.