GRX Stock Summary and Trading Ideas (Gabelli Healthcare & Wellness Trust Common Shares Of Beneficial Interest | NYSE:GRX)

The Fund’s investment objective is long term growth of capital. The Fund will invest at least 80% of its assets, under normal market conditions, in equity securities and income producing securities of domestic and foreign companies in the healthcare and wellness industries. As a result, the Fund may be more susceptible to economic, political, and regulatory developments in this particular sector of the market, positive or negative, and may experience increased volatility to the Fund’s NAV and a magnified effect in its total return.

Gabelli Healthcare & Wellness Trust Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol GRX.

As of April 25, 2024, GRX stock price declined to $9.46 with 5,140 million shares trading.

GRX has a beta of 0.84, meaning it tends to be less sensitive to market movements. GRX has a correlation of 0.40 to the broad based SPY ETF.

GRX has a market cap of $150.95 million. This is considered a Micro Cap stock.

In the last 3 years, GRX stock traded as high as $14.25 and as low as $7.73.

GRX has underperformed the market in the last year with a price return of -2.5% while the SPY ETF gained +23.2%. GRX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.8% and -2.5%, respectively, while the SPY returned +3.7% and -2.4%, respectively.

GRX support price is $9.45 and resistance is $9.71 (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 GRX stock will trade within this expected range on the day.