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Mid-cap Sell streak: Stocks trapped longest in bearish Quant ratings
Seeking Alpha News (Wed, 5-Aug 11:12 AM ET)
State Street SPDR S&P MIDCAP 400 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P MidCap 400 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the Index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index. The S&P MidCap 400 Index provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500 , measures the performance of midsized companies, reflecting the distinctive risk and return characteristics of this market segment.
State Street SPDR S&P Midcap 400 ETF Trust trades on the ARCA stock market under the symbol MDY.
As of August 6, 2026, MDY stock price declined to $701.92 with 262,109 million shares trading.
MDY has a beta of 0.71, meaning it tends to be less sensitive to market movements. MDY has a correlation of 0.41 to the broad based SPY ETF.
MDY has a market cap of $27.02 billion. This is considered a Large Cap stock.
In the last 3 years, MDY traded as high as $710.42 and as low as $424.22.
MDY has underperformed the market in the last year with a price return of +23.5% while the SPY ETF gained +23.7%. MDY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.2% and +1.7%, respectively, while the SPY returned +6.6% and +2.9%, respectively.
MDY support price is $695.19 and resistance is $708.77 (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 MDY shares will trade within this expected range on the day.
