Positive News Coverage Somewhat Unlikely to Affect Rivernorth Opportunities Fund (RIV) Stock Price

Media headlines about Rivernorth Opportunities Fund (NYSE:RIV) have been trending positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rivernorth Opportunities Fund earned a coverage optimism score of 0.45 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.223851943482 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Rivernorth Opportunities Fund (NYSE RIV) traded down $0.26 on Friday, reaching $20.30. 81,300 shares of the company’s stock were exchanged, compared to its average volume of 80,083. Rivernorth Opportunities Fund has a twelve month low of $18.86 and a twelve month high of $21.57.

The company also recently declared a monthly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a yield of 12.41%.

In other Rivernorth Opportunities Fund news, insider Rivernorth Capital Management, sold 13,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $20.10, for a total transaction of $261,300.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 40,442 shares of company stock worth $816,160 in the last ninety days.

WARNING: “Positive News Coverage Somewhat Unlikely to Affect Rivernorth Opportunities Fund (RIV) Stock Price” was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://transcriptdaily.com/2018/01/19/positive-news-coverage-somewhat-unlikely-to-affect-rivernorth-opportunities-fund-riv-stock-price.html.

Rivernorth Opportunities Fund Company Profile

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

Insider Buying and Selling by Quarter for Rivernorth Opportunities Fund (NYSE:RIV)

Receive News & Ratings for Rivernorth Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivernorth Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply