24-Apr-2026
No press releases found.
Trump plans to look into the actions of banks related to Los Angeles fires, calls out Wells Fargo
Seeking Alpha News (Fri, 24-Apr 9:03 AM ET)
The Direxion Daily Financial Bull (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the of the performance of the Financial Select Sector TR Index (IXMTR). The Financial Select Sector TR Index (IXMTR) is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage Real Estate Investment Trusts (REITs).
Direxion Daily Financial Bear 3X trades on the ARCA stock market under the symbol FAZ.
As of April 24, 2026, FAZ stock price climbed to $44.90 with 626,389 million shares trading.
FAZ has a beta of -2.79, meaning it tends to be less sensitive to market movements. FAZ has a correlation of 0.63 to the broad based SPY ETF.
FAZ has a market cap of $127.07 million. This is considered a Micro Cap stock.
In the last 3 years, FAZ traded as high as $239.20 and as low as $34.87.
FAZ has underperformed the market in the last year with a price return of -19.0% while the SPY ETF gained +31.9%. However, in the short term, FAZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.4% vs +3.8% return in SPY. But in the last 2 weeks, FAZ shares have been beat by the market, returning -3.5% compared to an SPY return of +5.1%.
FAZ support price is $42.39 and resistance is $45.53 (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 FAZ shares will trade within this expected range on the day.
