CORN Stock Summary and Trading Ideas (Teucrium Corn Etv | ARCA:CORN)

The Teucrium Corn Fund (NYSE: CORN) provides investors unleveraged direct exposure to corn without the need for a futures account. The Teucrium Corn Fund was also designed to reduce the effects of contango.

Teucrium Corn Etv trades on the ARCA stock market under the symbol CORN.

As of May 15, 2024, CORN stock price declined to $20.70 with 79,011 million shares trading.

CORN has a beta of 0.16, meaning it tends to be less sensitive to market movements. CORN has a correlation of 0.01 to the broad based SPY ETF.

CORN has a market cap of $73.49 million. This is considered a Micro Cap stock.

In the last 3 years, CORN stock traded as high as $30.30 and as low as $18.72.

CORN has underperformed the market in the last year with a price return of -10.3% while the SPY ETF gained +29.9%. However, in the short term, CORN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.6% vs +5.8% return in SPY. But in the last 2 weeks, CORN shares have been beat by the market, returning +3.4% compared to an SPY return of +5.9%.

CORN support price is $20.64 and resistance is $21.10 (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 CORN stock will trade within this expected range on the day.