Is Nuveen Intermediate Duration Munpl Tm Fd (NID) a Stock to Watch After Gaining 0.78% This Week?

Friday, March 24, 2023 12:28 PM | InvestorsObserver Analysts

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Is Nuveen Intermediate Duration Munpl Tm Fd (NID) a Stock to Watch After Gaining 0.78% This Week?

Nuveen Intermediate Duration Munpl Tm Fd (NID) stock has risen 0.78% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Nuveen Intermediate Duration Munpl Tm Fd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NID!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NID Stock Today?

Nuveen Intermediate Duration Munpl Tm Fd (NID) stock is up 0.08% while the S&P 500 is lower by -0.32% as of 12:27 PM on Friday, Mar 24. NID has gained $0.01 from the previous closing price of $12.99 on volume of 478,585 shares. Over the past year the S&P 500 is down -11.67% while NID is lower by -5.87%. NID lost -$1.11 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Nuveen Intermediate Duration Munpl Tm Fd click here.

More About Nuveen Intermediate Duration Munpl Tm Fd

Nuveen Intermediate Dur Muni Term Fund is a diversified closed-end management investment company. The Fund's primary investment objective is to provide a high level of current income exempt from regular federal income tax. The Fund's secondary investment objective is to seek additional total return. The fund seeks to achieve its objectives by investing in undervalued municipal securities, the income from which is exempt from regular federal income tax. The fund invests half of its managed assets in investment grade municipal securities. Click Here to get the full Stock Report for Nuveen Intermediate Duration Munpl Tm Fd stock.