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home / news releases / STK - STK: Tech Has Been On Fire Time To Sell


STK - STK: Tech Has Been On Fire Time To Sell

2023-05-20 21:36:22 ET

Summary

  • STK is a buy-write closed end fund.
  • The vehicle is focused on technology stocks and has a very high correlation to the Nasdaq performance.
  • The fund has rallied over 24% this year as tech has squeezed short sellers.
  • We are now entering overvaluation territory for both the Nasdaq (from an RSI standpoint) as well as the fund from a premium perspective.

For further details see:

STK: Tech Has Been On Fire, Time To Sell
Stock Information

Company Name: Columbia Seligman Premium Technology Growth Fund Inc
Stock Symbol: STK
Market: NYSE

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