GUNR Stock Summary and Trading Ideas (Flexshares Global Upstream Natural Resources ETF | ARCA:GUNR)

FlexShares Morningstar Global Upstream Natural Resources Index ETF seeks to provide investors exposure to the rising demand for natural resources that is being driven by globalization. It is one of the first ETFs with a balanced emphasis on the upstream portion of the natural resources supply chain, providing coverage of global companies in the energy, metals and agriculture sectors, while maintaining a core exposure to timberlands and water resources sectors.

Flexshares Global Upstream Natural Resources ETF trades on the ARCA stock market under the symbol GUNR.

As of April 24, 2024, GUNR stock price climbed to $41.60 with 381,761 million shares trading.

GUNR has a beta of 0.61, meaning it tends to be less sensitive to market movements. GUNR has a correlation of 0.24 to the broad based SPY ETF.

GUNR has a market cap of $6.56 billion. This is considered a Mid Cap stock.

In the last 3 years, GUNR stock traded as high as $49.23 and as low as $34.65.

GUNR stock has underperformed the market in the last year with a return of +0.5%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GUNR shares. However, GUNR has outperformed the market in the last 3 month and 2 week periods, returning +10.0% and -2.5%, while SPY returned +4.6% and -2.7%, respectively. This indicates GUNR has been having a stronger performance recently.

GUNR support price is $41.09 and resistance is $41.93 (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 GUNR stock will trade within this expected range on the day.