PLTM Stock Summary and Trading Ideas (Graniteshares Platinum Trust | ARCA:PLTM)

The GraniteShares Platinum Trust is designed to seek the performance of the price of the price platinum, less trust expenses.

Graniteshares Platinum Trust trades on the ARCA stock market under the symbol PLTM.

As of April 22, 2024, PLTM stock price declined to $8.97 with 21,932 million shares trading.

PLTM has a beta of 0.24, meaning it tends to be less sensitive to market movements. PLTM has a correlation of 0.01 to the broad based SPY ETF.

PLTM has a market cap of $37.23 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PLTM stock traded as high as $12.57 and as low as $8.04.

PLTM has underperformed the market in the last year with a price return of -18.2% while the SPY ETF gained +22.9%. PLTM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.1% and -4.4%, respectively, while the SPY returned +3.7% and -3.7%, respectively.

PLTM support price is $8.92 and resistance is $9.21 (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 PLTM stock will trade within this expected range on the day.