Somewhat Positive Press Coverage Somewhat Unlikely to Impact Madison Strategic Sector Premium Fund (MSP) Stock Price
News stories about Madison Strategic Sector Premium Fund (NYSE:MSP) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Madison Strategic Sector Premium Fund earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 44.4887073961291 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Madison Strategic Sector Premium Fund (NYSE:MSP) traded up $0.25 on Friday, hitting $11.32. The stock had a trading volume of 18,508 shares, compared to its average volume of 11,796. Madison Strategic Sector Premium Fund has a fifty-two week low of $10.72 and a fifty-two week high of $12.42.
In other news, Director Frank E. Burgess sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $11.70, for a total transaction of $58,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank E. Burgess sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $11.64, for a total value of $81,480.00. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock valued at $151,900 in the last quarter.
Madison Strategic Sector Premium Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund focuses on pursuing its investment objectives by investing primarily in large and mid-capitalization common stocks.
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