KBE Stock Summary and Trading Ideas (SPDR S&P Bank ETF | ARCA:KBE)

The SPDR KBW Bank ETF before expenses seeks to closely match the returns and characteristics of the KBW Bank Index (ticker: BKX).

SPDR S&P Bank ETF trades on the ARCA stock market under the symbol KBE.

As of April 24, 2024, KBE stock price climbed to $45.96 with 1,109,655 million shares trading.

KBE has a beta of 1.34, meaning it tends to be more sensitive to market movements. KBE has a correlation of 0.34 to the broad based SPY ETF.

KBE has a market cap of $1.36 billion. This is considered a Small Cap stock.

In the last 3 years, KBE stock traded as high as $60.60 and as low as $30.85.

KBE has outperformed the market in the last year with a price return of +28.2% while the SPY ETF gained +24.2%. However, in the short term, KBE had mixed performance relative to the market. It has underperformed in the last 3 months, returning +1.5% vs +4.6% return in SPY. But in the last 2 weeks, KBE shares have fared better than the market returning -0.5% compared to SPY -2.7%.

KBE support price is $44.92 and resistance is $46.36 (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 KBE stock will trade within this expected range on the day.