LEGR Stock Summary and Trading Ideas (First Trust Indxx Innovative Transaction & Process ETF | NASDAQ:LEGR)

The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Indxx Blockchain Index (the "Index"). The Fund will normally invest at least 90%of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and/or the potential for increased efficiency that it provides to various business processes. The index seeks to include only companies that have devoted material resources to the use of blockchain technologies. The Index is owned and is developed, maintained and sponsored by Indxx, LLC (the "Index Provider").

First Trust Indxx Innovative Transaction & Process ETF trades on the NASDAQ stock market under the symbol LEGR.

As of May 8, 2024, LEGR stock price declined to $43.08 with 6,533 million shares trading.

LEGR has a market cap of $105.55 million. This is considered a Micro Cap stock.

In the last 3 years, LEGR stock traded as high as $45.38 and as low as $29.54.

LEGR stock has underperformed the market in the last year with a return of +18.0%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LEGR shares. However, LEGR has outperformed the market in the last 3 month and 2 week periods, returning +5.9% and +2.5%, while SPY returned +4.2% and +2.3%, respectively. This indicates LEGR has been having a stronger performance recently.

LEGR support price is $42.81 and resistance is $43.87 (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 LEGR stock will trade within this expected range on the day.