PPLT Stock Summary and Trading Ideas (Abrdn Physical Platinum Shares ETF | ARCA:PPLT)

abrdn Physical Platinum Shares ETF (PPLT) is designed to offer investors a simple cost-efficient and secure way to access the precious metals market. PPLT is intended to provide investors with a return equivalent to movements in the platinum spot price less fees.

Abrdn Physical Platinum Shares ETF trades on the ARCA stock market under the symbol PPLT.

As of April 24, 2024, PPLT stock price declined to $83.26 with 151,231 million shares trading.

PPLT has a beta of 0.22, meaning it tends to be less sensitive to market movements. PPLT has a correlation of 0.01 to the broad based SPY ETF.

PPLT has a market cap of $936.73 million. This is considered a Small Cap stock.

In the last 3 years, PPLT stock traded as high as $119.39 and as low as $76.09.

PPLT has underperformed the market in the last year with a price return of -19.9% while the SPY ETF gained +24.2%. PPLT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.1% and -7.4%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

PPLT support price is $82.34 and resistance is $85.02 (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 PPLT stock will trade within this expected range on the day.