GNR Stock Summary and Trading Ideas (SPDR S&P Global Natural Resources ETF | ARCA:GNR)

The SPDR S&P Global Natural Resources ETF seeks to provide investment results that before fees and expenses correspond generally to the price and yield performance of the S&P Global Natural Resources Index (ticker: SPGNRUP) an index that tracks publicly-traded companies in natural resources and/or commodities businesses. Our approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

SPDR S&P Global Natural Resources ETF trades on the ARCA stock market under the symbol GNR.

As of May 13, 2024, GNR stock price declined to $59.42 with 203,915 million shares trading.

GNR has a beta of 0.63, meaning it tends to be less sensitive to market movements. GNR has a correlation of 0.26 to the broad based SPY ETF.

GNR has a market cap of $3.44 billion. This is considered a Mid Cap stock.

In the last 3 years, GNR stock traded as high as $65.66 and as low as $47.17.

GNR has underperformed the market in the last year with a price return of +10.6% while the SPY ETF gained +27.8%. However, in the short term, GNR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.9% vs +4.3% return in SPY. But in the last 2 weeks, GNR shares have been beat by the market, returning +1.2% compared to an SPY return of +2.5%.

GNR support price is $58.90 and resistance is $60.16 (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 GNR stock will trade within this expected range on the day.