Cornerstone Strategic Value Fund Inc. (NYSE American:CLM) traded at a new 52-week high today of $12.78. So far today approximately 194,000 shares have been exchanged, as compared to an average 30-day volume of 748,000 shares.
There is potential upside of 453.1% for shares of Cornerstone Strategic Value Fund Inc. based on a current price of $12.78 and an average consensus analyst price target of $70.66.
Over the past year, Cornerstone Strategic Value Fund Inc. has traded in a range of $5.52 to $12.78 and is now at $12.78, 131% above that low.
The investment seeks long-term capital appreciation through investment in equity securities of U.S. and non-U.S. companies.
The fund’s portfolio normally will consist principally of the equity securities of U.S. and non-U.S. companies. It invests in common stocks and may also invest in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. Although the fund has the ability to invest a significant portion of its assets in non-U.S. companies, it has consistently maintained the investment of at least 95% of its assets in U.S. listed companies since June 30, 2001.
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