The PIMCO Energy and Tactical Credit Opportunities Fund NRGX has confirmed a Resurrection CrossWhen the 50 day moving average crosses above the 200 day moving average, it is called a Resurrection Cross. Conversely, when the 50 day moving average crosses below the 200 day mov... on July 18, 2023. The stock is in a technical uptrend.
The fund utilizes a flexible strategy by focusing on investments across the full value chain, capital structure and liquidity spectrum of the energy markets to pursue its primary objective of total return as well as its secondary objective of seeking to provide high current incomeThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th.... As of July 18, 2023, the fund pays an annual dividend yield of 5.48%.
Insider Buying in NRGX Stock
Saba Capital Management has been accumulating NRGX stock for the last 3 months, buying millions of dollars worth of stock.
When insiders, such as company executives or board members, purchase shares of their own company’s stock, it indicates their confidence in the company’s future prospects. Insider buying suggests that those individuals believe the stock is undervalued and has potential for growth. This can be seen as a positive signal for investors, often leading to increased market confidence and potentially driving up the stock price.
