Media headlines about Tri Continental Corporation (NYSE:TY) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty 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 0.07 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 48.3143852122736 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Tri Continental Corporation (NYSE:TY) traded up $0.09 during trading on Wednesday, hitting $26.17. 45,317 shares of the stock were exchanged, compared to its average volume of 70,514. Tri Continental Corporation has a 52 week low of $21.55 and a 52 week high of $26.25.
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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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