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 May 3, 2024, PLTM stock price climbed to $9.27 with 23,686 million shares trading.

PLTM has a beta of 0.19, 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 $38.93 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 -11.0% while the SPY ETF gained +26.1%. However, in the short term, PLTM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.5% vs +3.7% return in SPY. But in the last 2 weeks, PLTM shares have been beat by the market, returning +1.6% compared to an SPY return of +2.4%.

PLTM support price is $9.10 and resistance is $9.40 (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.