For the readers interested in the stock health of Cornerstone Total Return Fund Inc. (CRF). It is currently valued at $12.93. When the trading was stopped its value was $13.44.
Recently in News on April 6, 2021, Cornerstone Total Return Fund, Inc. Announces Rights Offering. Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (the “Fund”) announced today that, contingent upon final approval from the U.S. Securities and Exchange Commission, it has fixed the close of business on April 16, 2021 as the record date (the “Record Date”) for determination of stockholders entitled to participate in the Fund’s 1-for-3 rights offering. The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of 13,751,029 shares of common stock. Each stockholder will receive one non-transferable right for each share of the Fund held as of the Record Date. Fractional Shares will not be issued upon the exercise of the Rights. Accordingly, the number of Rights to be issued to a Stockholder on the Record Date will be rounded up to the nearest whole number of Rights evenly divisible by three. For every three rights a stockholder receives, he or she will be entitled (but not required) to purchase one new share of the Fund at a subscription price equal to the greater of (i) 107% of net asset value per share as calculated at the close of trading on the expiration date of the offering or (ii) 80% of the market price per share at such time. Fractional shares will not be issued. In addition to the shares offered in the primary subscription, the Fund may offer a 100% over-allotment to oversubscribing stockholders. Stockholders who fully subscribe in the primary offering will have the option to oversubscribe for additional shares, to the extent available. You can read further details here
Cornerstone Total Return Fund Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $13.65 on 04/13/21, with the lowest value was $10.89 for the same time period, recorded on 02/04/21.
Cornerstone Total Return Fund Inc. (CRF) full year performance was 50.17%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cornerstone Total Return Fund Inc. shares are logging -5.27% during the 52-week period from high price, and 56.92% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $8.24 and $13.65.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1193670 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Cornerstone Total Return Fund Inc. (CRF) recorded performance in the market was 17.89%, having the revenues showcasing 13.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 551.63M.
Market experts do have their say about Cornerstone Total Return Fund Inc. (CRF)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 12.29, with a change in the price was noted +2.04. In a similar fashion, Cornerstone Total Return Fund Inc. posted a movement of +18.61% for the period of last 100 days, recording 488,242 in trading volumes.
Technical breakdown of Cornerstone Total Return Fund Inc. (CRF)
Raw Stochastic average of Cornerstone Total Return Fund Inc. in the period of last 50 days is set at 76.45%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 27.78%. In the last 20 days, the company’s Stochastic %K was 60.16% and its Stochastic %D was recorded 73.55%.
Bearing in mind the latest performance of Cornerstone Total Return Fund Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 17.89%. Additionally, trading for the stock in the period of the last six months notably improved by 20.00%, alongside a boost of 50.17% for the period of the last 12 months. The shares -0.27% in the 7-day charts and went down by 2.44% in the period of the last 30 days. Common stock shares were driven by 13.32% during last recorded quarter.