FBT Stock Summary and Trading Ideas (First Trust Nyse Arca Biotechnology | ARCA:FBT)

The First Trust NYSE Arca Biotechnology Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NYSE Arca Biotechnology Index.

First Trust Nyse Arca Biotechnology trades on the ARCA stock market under the symbol FBT.

As of April 19, 2024, FBT stock price climbed to $141.68 with 21,294 million shares trading.

FBT has a beta of 0.75, meaning it tends to be less sensitive to market movements. FBT has a correlation of 0.33 to the broad based SPY ETF.

FBT has a market cap of $1.08 billion. This is considered a Small Cap stock.

In the last 3 years, FBT stock traded as high as $176.64 and as low as $121.68.

FBT has underperformed the market in the last year with a price return of -10.1% while the SPY ETF gained +21.2%. FBT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.0% and -5.8%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

FBT support price is $139.83 and resistance is $143.21 (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 FBT stock will trade within this expected range on the day.