GLD Stock Summary and Trading Ideas (SPDR Gold Shares | ARCA:GLD)

The objective of the SPDR Gold Trust is for the Shares to reflect the performance of the price of gold bullion less the Trusts expenses.

SPDR Gold Shares trades on the ARCA stock market under the symbol GLD.

As of November 20, 2024, GLD stock price climbed to $244.62 with 5,463,879 million shares trading.

GLD has a beta of 0.19, meaning it tends to be less sensitive to market movements. GLD has a correlation of 0.03 to the broad based SPY ETF.

GLD has a market cap of $74.27 billion. This is considered a Large Cap stock.

In the last 3 years, GLD traded as high as $257.71 and as low as $150.57.

GLD has outperformed the market in the last year with a return of +33.2%, while the SPY ETF gained +32.5%. However, in the most recent history, GLD shares have underperformed the stock market with its stock returning +5.6% in the last 3 month period and -3.5% for the last 2 week period, while SPY has returned +5.8% and +2.4%, respectively.

GLD support price is $240.79 and resistance is $245.71 (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 GLD shares will trade within this expected range on the day.