SBI Stock Summary and Trading Ideas (Western Asset Intermediate Muni | NYSE:SBI)

The Fund’s investment objective is to provide common shareholders a high level of current income exempt from regular federal income taxes consistent with prudent investing. Under normal market conditions, the Fund invests at least 80% of its total assets in municipal obligations. The Fund also maintains a dollar-weighted average effective maturity of between three and ten years. Under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized statistical rating organization (“NRSRO”) or, if unrated, of equivalent quality as determined by the investment manager. In addition, up to 20% of the Fund’s total assets may be invested in debt securities that are, at the time of investment, rated below investment grade by an NRSRO or, if unrated, of equivalent quality as determined by the investment manager.

Western Asset Intermediate Muni trades on the NYSE stock market under the symbol SBI.

As of April 24, 2024, SBI stock price declined to $7.66 with 125,133 million shares trading.

SBI has a beta of 0.35, meaning it tends to be less sensitive to market movements. SBI has a correlation of 0.29 to the broad based SPY ETF.

SBI has a market cap of $107.87 million. This is considered a Micro Cap stock.

In the last 3 years, SBI stock traded as high as $9.99 and as low as $6.97.

SBI has underperformed the market in the last year with a return of +2.8%, while the SPY ETF gained +24.2%. In the last 3 month period, SBI fell short of the market, returning +1.3%, while SPY returned +4.6%. However, in the most recent 2 weeks SBI has outperformed the stock market by returning -2.1%, while SPY returned -2.7%.

SBI support price is $7.65 and resistance is $7.73 (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 SBI stock will trade within this expected range on the day.