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The Direxion Daily Pharmaceutical & Medical Bull 3X Shares seek daily investment results, before fees and expenses of 300% of the performance of the S&P Pharmaceuticals Select Industry Index. The S&P Pharmaceuticals Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) pharmaceuticals sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the following combined size and liquidity criteria: (1) have a float-adjusted market capitalization above $300 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the Index rebalancing reference date) above 50%; (2) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio above 90%; or (3) have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.
Direxion Daily Pharmaceutical & Medical Bull 3X trades on the ARCA stock market under the symbol PILL.
As of September 18, 2024, PILL stock price climbed to $8.24 with 69,908 million shares trading.
PILL has a beta of 2.30, meaning it tends to be more sensitive to market movements. PILL has a correlation of 0.29 to the broad based SPY ETF.
PILL has a market cap of $16.48 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, PILL stock traded as high as $23.69 and as low as $4.57.
PILL stock has underperformed the market in the last year with a return of -4.3%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PILL shares. However, PILL has outperformed the market in the last 3 month and 2 week periods, returning +33.3% and +3.3%, while SPY returned +2.9% and +1.7%, respectively. This indicates PILL has been having a stronger performance recently.
PILL support price is $7.88 and resistance is $8.38 (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 PILL stock will trade within this expected range on the day.