TY Stock Summary and Trading Ideas (Tri-Continental Co | NYSE:TY)

The funds objective is to produce future growth of both capital and income while providing reasonable current incomes. The fund uses a quantitative strategy that evaluates stocks based on three broad sub-components - quality, valuation and catalysts (sometimes called momentum). In addition, a portion of the fund uses a fundamental strategy that takes a holistic view, exploring all types of securities issued by one company to determine best risk/reward profile for the portfolio. Investments include preferred and common stocks, convertible securities (including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers (including emerging markets issuers).

Tri-Continental Co trades on the NYSE stock market under the symbol TY.

As of April 19, 2024, TY stock price declined to $29.27 with 38,223 million shares trading.

TY has a beta of 0.95, meaning it tends to be less sensitive to market movements. TY has a correlation of 0.80 to the broad based SPY ETF.

TY has a market cap of $1.53 billion. This is considered a Small Cap stock.

In the last 3 years, TY stock traded as high as $35.91 and as low as $25.16.

TY stock has underperformed the market in the last year with a return of +13.4%, 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 TY shares. However, TY has outperformed the market in the last 3 month and 2 week periods, returning +3.0% and -3.6%, while SPY returned +3.0% and -4.5%, respectively. This indicates TY has been having a stronger performance recently.

TY support price is $29.04 and resistance is $29.60 (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 TY stock will trade within this expected range on the day.