180 Degree Capital Corp. Notes Average Discount of Net Asset Value per Share to Stock Price for Eleventh Month of Initial Measurement Period of Its Discount Management Program
Portfolio Pulse from
180 Degree Capital Corp. reported an average discount of 21% between its net asset value per share and its stock price for November 2024, with a 26% discount on the last trading day of the month.
December 02, 2024 | 2:15 pm
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NEGATIVE IMPACT
180 Degree Capital Corp. reported a significant discount between its net asset value per share and its stock price, with a 21% average discount in November 2024 and a 26% discount on the last trading day.
The reported discount between NAV and stock price suggests that the market may undervalue TURN's stock, potentially leading to negative sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100