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Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Is Down -18.27% in 2022 With Lots of Room to Run

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) is -18.27% lower on its value in year-to-date trading and has touched a low of $10.49 and a high of $14.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NRK stock was last observed hovering at around $11.25 in the last trading session, with the day’s gains setting it 0.02%.

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Currently trading at $11.27, the stock is 1.03% and 1.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 91830.0 and changing 0.18% at the moment leaves the stock -9.53% off its SMA200. NRK registered -20.24% loss for a year compared to 6-month loss of -13.90%.

The stock witnessed a 2.27% gain in the last 1 month and extending the period to 3 months gives it a -0.53%, and is 0.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.90% over the week and 1.02% over the month.

Current P/E ratio is 11.35. Distance from 52-week low is 7.44% and -22.01% from its 52-week high.

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Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Top Institutional Holders

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Insider Activity

A total of 2 insider transactions have happened at Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider purchase by PERRY MICHAEL A,the company’sVice President. SEC filings show that PERRY MICHAEL A bought 42,639 shares of the company’s common stock on Jun 13 at a price of $11.23 per share for a total of $0.48 million. Following the purchase, the insider now owns 42639.0 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund disclosed in a document filed with the SEC on May 10 that PERRY MICHAEL A (Vice President) sold a total of 44,762 shares of the company’s common stock. The trade occurred on May 10 and was made at $10.88 per share for $0.49 million. Following the transaction, the insider now directly holds 0.0 shares of the NRK stock.

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