IOCT Stock Summary and Trading Ideas (Innovator International Developed Power Buffer ETF - October | ARCA:IOCT)

The Innovator International Developed Power Buffer ETF seeks to track the return of the iShares MSCI EAFE ETF (EFA), up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

Innovator International Developed Power Buffer ETF - October trades on the ARCA stock market under the symbol IOCT.

As of December 12, 2024, IOCT stock price declined to $29.80 with 962 million shares trading.

IOCT has a beta of 0.42, meaning it tends to be less sensitive to market movements. IOCT has a correlation of 0.50 to the broad based SPY ETF.

IOCT has a market cap of $110.78 million. This is considered a Micro Cap stock.

In the last 3 years, IOCT traded as high as $30.88 and as low as $21.18.

IOCT has underperformed the market in the last year with a price return of +9.3% while the SPY ETF gained +32.8%. IOCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.4% and +1.0%, respectively, while the SPY returned +9.7% and +1.3%, respectively.

IOCT support price is $29.82 and resistance is $30.06 (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 IOCT shares will trade within this expected range on the day.