PKW Stock Summary and Trading Ideas (Invesco Buyback Achievers ETF | NASDAQ:PKW)

The Invesco BuyBack Achievers, ETF (Fund) is based on the NASDAQ US BuyBack Achievers, Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers,. The NASDAQ US BuyBack Achievers Index is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October

Invesco Buyback Achievers ETF trades on the NASDAQ stock market under the symbol PKW.

As of April 18, 2024, PKW stock price declined to $101.52 with 11,576 million shares trading.

PKW has a beta of 0.91, meaning it tends to be less sensitive to market movements. PKW has a correlation of 0.68 to the broad based SPY ETF.

PKW has a market cap of $1.08 billion. This is considered a Small Cap stock.

In the last 3 years, PKW stock traded as high as $108.33 and as low as $73.80.

PKW has underperformed the market in the last year with a price return of +19.4% while the SPY ETF gained +22.2%. PKW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.4% and -4.3%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

PKW support price is $100.88 and resistance is $102.60 (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 PKW stock will trade within this expected range on the day.