Flaherty & Crumrine Preferred Income Fund Inc. (PFD) Stock Formed Bearish Multiple Bottom Pattern

June 27, 2018 - By Ira Colvard

During 2018 Q1 the big money sentiment decreased to 1.08. That’s change of 0.49, from 2017Q4’s 1.57. 6 investors sold all, 6 reduced holdings as Flaherty & Crumrine Preferred Income Fund Inc. ratio fall. 5 rose holdings while 8 funds bought holdings. Funds hold 490,946 shares thus 2.30% less from 2017Q4’s 502,510 shares.
Royal Natl Bank Of Canada owns 3,340 shs. Creative Planning has 14,707 shs for 0% of their capital. Rmb Mngmt Limited Liability Corp invested 0.01% of its capital in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD). Covington Management reported 18,500 shs. 132,229 are held by Morgan Stanley. Da Davidson And Comm has 26,000 shs for 0.01% of their capital. Northwestern Mutual Wealth Management has 0% invested in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) for 2,370 shs. Citigroup reported 1,950 shs. Wolverine Asset Management Ltd Company owns 62,361 shs. Robinson Cap Management Ltd owns 7,000 shs. Lpl Fincl Lc holds 0% or 40,328 shs. Pnc Financial Ser Grp reported 1,800 shs. Bancshares Of America Corp De owns 30,253 shs or 0% of their US capital. Hightower Advsr Limited Liability Corporation has 0% invested in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) for 12,459 shs. Winslow Evans Crocker holds 0% of its capital in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) for 136 shs.

Multiple bottoms technical setup was formed by Flaherty & Crumrine Preferred Income Fund Inc. (PFD) with $12.18 price target or 9.00 % below today’s $13.38 share price. Finviz.com featured this technical setup on Jun, 27. At $12.18 price target, the company’s valuation could be $13.47 million less.

PFD hit $13.38 during the last trading session after $0.05 change.Flaherty & Crumrine Preferred Income Fund Inc. has 44,262 shares volume, 97.49% up from normal. PFD is downtrending and has moved 11.86% since June 27, 2017. PFD underperformed the S&P500 by 24.43%.

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Analyst Ratings Chart

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