Hims & Hers stock pares losses on data despite Novo Nordisk litigation fears
In a challenging market environment, CMS Energy Corp (NYSE:CMS)’s preferred stock, CMSD, has reached a 52-week low, dipping to $22.98. This latest price level reflects a notable decline over the past year, with the stock experiencing a 1-year change of -7.73%. According to InvestingPro data, the company maintains strong dividend fundamentals, having raised its dividend for 18 consecutive years, offering stability in volatile markets. Investors are closely monitoring CMS Energy Corp as it navigates through the volatile energy sector, which has seen significant price fluctuations in response to regulatory changes and the evolving demand for utilities. With a market capitalization of $21.85 billion and a beta of 0.35, the stock historically demonstrates lower volatility than the broader market. The company’s performance, mirroring broader market trends, suggests a cautious approach from investors as they assess the stock’s potential for recovery or further downturns. For deeper insights and additional analysis, InvestingPro subscribers can access 6 more exclusive tips about CMS Energy Corp’s financial health and growth prospects.
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