17-Jan-2025
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What's Going On With Cisco Systems Stock On Friday?
Benzinga (Fri, 17-Jan 12:34 PM ET)
The iShares U.S. Telecommunications ETF seeks to track the investment results of an index composed of U.S. equities in the telecommunications sector. IYZ changed its index from the Dow Jones U.S. Select Telecommunications Index to the Russell 1000 Telecommunications RIC 22.5/45 Capped Index.
iShares U.S. Telecommunications ETF trades on the BATS stock market under the symbol IYZ.
As of January 17, 2025, IYZ stock price climbed to $27.29 with 336,958 million shares trading.
IYZ has a market cap of $547.16 million. This is considered a Small Cap stock.
In the last 3 years, IYZ traded as high as $32.03 and as low as $19.85.
IYZ has underperformed the market in the last year with a price return of +23.3% while the SPY ETF gained +28.0%. However, in the short term, IYZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.3% vs +3.0% return in SPY. But in the last 2 weeks, IYZ shares have been beat by the market, returning +0.5% compared to an SPY return of +1.0%.
IYZ support price is $26.77 and resistance is $27.31 (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 IYZ shares will trade within this expected range on the day.