KRE Stock Summary and Trading Ideas (SPDR S&P Regional Banking ETF | ARCA:KRE)

The SPDR S&P Regional Banking ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Regional Banks Select Industry Index. The S&P Regional Banks Select Industry Index is a modified equal-weighted index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts. The Regional Banking Index is currently comprised of common stocks of leading regional banks or thrifts listed on the NYSE or another U.S. national securities exchange, or NASDAQ/NMS. The Regional Banking Index components are selected to provide appropriate representation of the industrys sub-sectors.

SPDR S&P Regional Banking ETF trades on the ARCA stock market under the symbol KRE.

As of December 13, 2024, KRE stock price declined to $64.77 with 9,004,984 million shares trading.

KRE has a beta of 0.80, meaning it tends to be less sensitive to market movements. KRE has a correlation of 0.12 to the broad based SPY ETF.

KRE has a market cap of $5.83 billion. This is considered a Mid Cap stock.

In the last 3 years, KRE traded as high as $78.81 and as low as $34.52.

KRE has underperformed the market in the last year with a price return of +29.2% while the SPY ETF gained +29.9%. However, in the short term, KRE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.7% vs +7.8% return in SPY. But in the last 2 weeks, KRE shares have been beat by the market, returning -4.4% compared to an SPY return of +0.3%.

KRE support price is $64.12 and resistance is $65.90 (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 KRE shares will trade within this expected range on the day.