ATMP Stock Summary and Trading Ideas (iPath Select MLP ETN | BATS:ATMP)

iPath Select MLP ETNs (the "ETNs") are linked to the performance of the Volume-Weighting Average Price ("VWAP") level of the CIBC Atlas Select MLP Index (the Index ). The Index is designed to provide exposure to a basket of midstream U.S. and Canadian master limited partnerships, limited liability companies and corporations (collectively, the "Index Constituents") that trade on major U.S. exchanges, are classified in the GICS Energy Sector or GICS Gas Utilities Industry according to the Global Industry Classification Standard ("GICS") and meet certain eligibility criteria, including long-term credit rating, the portion of cash flow driven by mid-stream operations and size as measured by free-float market capitalization and average daily trading value. Owning the ETNs is not the same as owning interests in the Index Constituents or a security directly linked to the performance of the Index. Owning the ETNs is not the same as owning interest in the Index Constituents or a security directly linked to the performance of the Index.

iPath Select MLP ETN trades on the BATS stock market under the symbol ATMP.

As of May 8, 2024, ATMP stock price climbed to $24.58 with 98,234 million shares trading.

ATMP has a beta of 0.48, meaning it tends to be less sensitive to market movements. ATMP has a correlation of 0.18 to the broad based SPY ETF.

ATMP has a market cap of $373.93 million. This is considered a Small Cap stock.

In the last 3 years, ATMP stock traded as high as $24.84 and as low as $14.38.

ATMP has outperformed the market in the last year with a return of +37.2%, while the SPY ETF gained +27.0%. In the last 3 month period, ATMP beat the market returning +16.1%, while SPY returned +4.2%. However, in the most recent 2 weeks ATMP has underperformed the stock market by returning +2.0%, while SPY returned +2.3%.

ATMP support price is $24.27 and resistance is $24.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATMP stock will trade within this expected range on the day.