FMAG Stock Summary and Trading Ideas (Fidelity Magellan ETF | BATS:FMAG)

The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Investing in either growth stocks or value stocks or both. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments.

Fidelity Magellan ETF trades on the BATS stock market under the symbol FMAG.

As of April 17, 2025, FMAG stock price declined to $28.11 with 38,219 million shares trading.

FMAG has a beta of 1.15, meaning it tends to be more sensitive to market movements. FMAG has a correlation of 0.91 to the broad based SPY ETF.

FMAG has a market cap of $188.34 million. This is considered a Micro Cap stock.

In the last 3 years, FMAG traded as high as $33.09 and as low as $16.76.

FMAG has underperformed the market in the last year with a return of +3.0%, while the SPY ETF gained +6.0%. In the last 3 month period, FMAG fell short of the market, returning -11.1%, while SPY returned -10.7%. However, in the most recent 2 weeks FMAG has outperformed the stock market by returning -5.1%, while SPY returned -6.8%.

FMAG support price is $27.58 and resistance is $28.76 (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 FMAG shares will trade within this expected range on the day.