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LABU, YANG and LABD among weekly ETF movers
Seeking Alpha News (Sat, 4-May 12:27 PM ET)
The Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Biotechnology Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the biotechnology industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $1.54 billion and are concentrated in the energy and biotechnology sectors as of April 30, 2015.
Direxion Daily S&P Biotech Bull 3X trades on the ARCA stock market under the symbol LABU.
As of May 6, 2024, LABU stock price climbed to $110.61 with 1,684,426 million shares trading.
LABU has a beta of 4.36, meaning it tends to be more sensitive to market movements. LABU has a correlation of 0.42 to the broad based SPY ETF.
LABU has a market cap of $1.16 billion. This is considered a Small Cap stock.
In the last 3 years, LABU stock traded as high as $1,676.40 and as low as $48.40.
LABU has underperformed the market in the last year with a return of -10.3%, while the SPY ETF gained +28.3%. In the last 3 month period, LABU fell short of the market, returning -1.8%, while SPY returned +4.8%. However, in the most recent 2 weeks LABU has outperformed the stock market by returning +28.5%, while SPY returned +4.3%.
LABU support price is $102.57 and resistance is $115.41 (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 LABU stock will trade within this expected range on the day.