GGLS Stock Summary and Trading Ideas (Direxion Daily Googl Bear 1X | NASDAQ:GGLS)

The Direxion Daily GOOGL Bear 1X Shares ("Fund") seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Alphabet Inc. Class A (NASDAQ: GOOGL) ("GOOGL"). The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of GOOGL.

Direxion Daily Googl Bear 1X trades on the NASDAQ stock market under the symbol GGLS.

As of March 4, 2025, GGLS stock price declined to $13.41 with 70,735 million shares trading.

GGLS has a beta of -0.94, meaning it tends to be less sensitive to market movements. GGLS has a correlation of 0.19 to the broad based SPY ETF.

GGLS has a market cap of $5.36 million. This is considered a Sub-Micro Cap stock.

GGLS has underperformed the market in the last year with a return of -20.5%, while SPY returned +13.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GGLS shares. However, GGLS has outperformed the market in the last 3 month and 2 week periods, returning -1.2% and +8.2%, while SPY returned -4.2% and -5.4%, respectively. This indicates GGLS has been having a stronger performance recently.

GGLS support price is $13.46 and resistance is $13.98 (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 GGLS shares will trade within this expected range on the day.