RMM Stock Summary and Trading Ideas (Rivernorth Managed Duration Municipal Income | NYSE:RMM)

Rivernorth Managed Duration Municipal Income trades on the NYSE stock market under the symbol RMM.

As of April 19, 2024, RMM stock price climbed to $14.68 with 38,714 million shares trading.

RMM has a beta of 0.72, meaning it tends to be less sensitive to market movements. RMM has a correlation of 0.20 to the broad based SPY ETF.

RMM has a market cap of $289.78 million. This is considered a Small Cap stock.

In the last 3 years, RMM stock traded as high as $21.97 and as low as $12.32.

RMM stock has underperformed the market in the last year with a return of +2.8%, 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 RMM shares. However, RMM has outperformed the market in the last 3 month and 2 week periods, returning +6.1% and -0.3%, while SPY returned +3.0% and -4.5%, respectively. This indicates RMM has been having a stronger performance recently.

RMM support price is $14.50 and resistance is $14.72 (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 RMM stock will trade within this expected range on the day.