News coverage about Tri Continental Corporation (NYSE:TY) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tri Continental Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 46.339652230125 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Tri Continental Corporation (TY) traded up 0.86% during midday trading on Friday, hitting $24.60. The stock had a trading volume of 85,027 shares. Tri Continental Corporation has a one year low of $20.60 and a one year high of $25.12. The stock’s 50-day moving average is $24.67 and its 200-day moving average is $23.74.
About Tri Continental Corporation
Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.
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