MGK Stock Summary and Trading Ideas (Vanguard Mega Cap Growth ETF | ARCA:MGK)

Seeks to track the performance of the CRSP U.S. Mega Cap Growth Index. Employs a passively managed full-replication approach. Provides a convenient way to get diversified exposure to the largest growth stocks in the U.S. market.

Vanguard Mega Cap Growth ETF trades on the ARCA stock market under the symbol MGK.

As of April 18, 2024, MGK stock price declined to $274.50 with 262,756 million shares trading.

MGK has a beta of 1.17, meaning it tends to be more sensitive to market movements. MGK has a correlation of 0.82 to the broad based SPY ETF.

MGK has a market cap of $18.28 billion. This is considered a Large Cap stock.

In the last 3 years, MGK stock traded as high as $291.40 and as low as $165.89.

MGK has outperformed the market in the last year with a price return of +34.6% while the SPY ETF gained +22.2%. However, in the short term, MGK had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.2% vs +5.2% return in SPY. But in the last 2 weeks, MGK shares have fared better than the market returning -2.4% compared to SPY -2.6%.

MGK support price is $273.21 and resistance is $279.20 (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 MGK stock will trade within this expected range on the day.