PCN: High Yield Is Compensating For Risk, But That Is Not A Buy Signal [Seeking Alpha]
Pimco Corporate & Income Strategy Fund (PCN)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/corporate-income-opportunity-fund
Company Research
Source: Seeking Alpha
Main ThesisThe purpose of this article is to evaluate the PIMCO Corporate & Income Strategy Fund (PCNDespite the negatives, there are some reasons for optimism on the fund. Income production has remained stable, and yield spreads for riskier assets have widened. This means investors are being offered higher rewards for the risks they are taking, which could pique the interest of those with more risk tolerance than the average investor.BackgroundFirst, a little about PCN. It is a closed-end fund with a primaryobjectiveSource:Given the large drop PCN has seen, in addition to the broad market weakness, I wanted to take another look at PCN to see if I should change my outlook from here. While PCN's drop undoubtedly opens up a buying opportunity for those investors expecting a return to previous highs, I continue to see reasons to remain cautious. As such, I believe maintaining my "neutral" outlook is appropriate, and I will explain why in detail below.Concern #1: PCN Still Isn't CheapWith
Show less
Read more
Impact Snapshot
Event Time:
PCN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PCN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PCN alerts
High impacting Pimco Corporate & Income Strategy Fund news events
Weekly update
A roundup of the hottest topics
PCN
News
- PIMCO Closed-End Funds Declare Monthly Common Share DistributionsGlobeNewswire
- PCN: Inflation Brings Downside Risks [Seeking Alpha]Seeking Alpha
- PIMCO Closed-End Funds Declare Monthly Common Share DistributionsGlobeNewswire
- PIMCO Closed-End Funds Declare Monthly Common Share DistributionsGlobeNewswire
PCN
Sec Filings
- 9/23/24 - Form N-CSR/A
- 9/12/24 - Form N-CEN
- 9/4/24 - Form N-CSR
- PCN's page on the SEC website