RFM Stock Summary and Trading Ideas (Rivernorth Flexible Municipal Income | :RFM)

Rivernorth Flexible Municipal Income trades on the stock market under the symbol RFM.

As of April 19, 2024, RFM stock price declined to $15.84 with 8,094 million shares trading.

RFM has a beta of 0.73, meaning it tends to be less sensitive to market movements. RFM has a correlation of 0.33 to the broad based SPY ETF.

RFM has a market cap of $96.86 million. This is considered a Micro Cap stock.

In the last 3 years, RFM stock traded as high as $24.77 and as low as $12.89.

RFM stock has underperformed the market in the last year with a return of +11.8%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RFM shares. However, RFM has outperformed the market in the last 3 month and 2 week periods, returning +6.0% and -1.5%, while SPY returned +4.3% and -3.5%, respectively. This indicates RFM has been having a stronger performance recently.

RFM support price is $15.73 and resistance is $15.97 (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 RFM stock will trade within this expected range on the day.