Cornerstone Strategic Value Fund Inc. (AMEX:CLM) does about 1.53M shares in volume on a normal day but saw 1535991 shares change hands in Monday trading. The company now has a market cap of 1.59B USD. Its current market price is $7.76, marking an increase of 1.04% compared to the previous close of $7.68. The 52 week high reached by this stock is $14.50 whilst the lowest price level in 52 weeks is $7.20.
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Cornerstone Strategic Value Fund Inc. (CLM) has a 20-day trading average at $7.66 and the current price is -46.48% off the 52-week high compared with 7.78% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.03 and its 200-day simple moving average is $9.38. If we look at the stock’s price movements over the week, volatility stands at 1.82%, which increases to 2.16% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.00 to suggest the stock is neutral.
The current price level is 1.38%, -3.50%, and -17.56% away from its SMA20, SMA50, and SMA200 respectively, with the CLM price moving above the 50-day SMA on January 23. Cornerstone Strategic Value Fund Inc. (CLM) stock is down -0.26% over the week and 5.01% over the past month. Its price is 5.29% year-to-date and -44.93% over the past year.
Outstanding shares total 204.57M with insiders holding 0.00% of the shares and institutional holders owning 20.09% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 4.15. Price to book ratio is 1.02 and price to sales ratio is 115.18.
According to a U.S. Securities and Exchange Commission filing, RiverNorth Core Opportunity Fund has reduced its position in Cornerstone Strategic Value Fund Inc. (CLM) to 0 shares, mirroring a recent drop by -100.00%. RiverNorth Core Opportunity Fund dumped -0.12 million shares of Cornerstone Strategic Value Fund Inc. common stock bringing its total worth to about $0.0 at the end of recent close, SEC documents show.
