28-Jun-2024
No press releases found.
‘Buybacks drive performance’ are among market myths BofA strategists are aiming to bust
Seeking Alpha News (Sat, 29-Jun 9:00 AM ET)
S&P 500's YTD gain is not justified, says JPM's Kolanovic in backing 4,200 year-end call
Seeking Alpha News (Fri, 28-Jun 5:07 PM ET)
Time to ‘tap the brakes’ after strong run in U.S. equities: Goldman Sachs’ Pasquariello
Seeking Alpha News (Fri, 28-Jun 2:30 PM ET)
Russell Investments believes in a soft landing but warns a recession is still on the table
Seeking Alpha News (Fri, 28-Jun 10:14 AM ET)
Investors pull $30B from ETFs and conventional funds on the week
Seeking Alpha News (Fri, 28-Jun 8:19 AM ET)
TipRanks (Fri, 28-Jun 1:53 AM ET)
Adobe Stock Jumped On Thursday: What Happened?
Benzinga (Thu, 27-Jun 4:35 PM ET)
Physical assets rank higher among investor preferences, women, millennials - CyberMetals
Seeking Alpha News (Thu, 27-Jun 12:44 PM ET)
What's Going On With AMD Stock On Thursday?
Benzinga (Thu, 27-Jun 9:38 AM ET)
Nasdaq 100’s top 10 performers of H1
Seeking Alpha News (Wed, 26-Jun 2:59 PM ET)
Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.
Invesco QQQ Trust trades on the NASDAQ stock market under the symbol QQQ.
As of June 28, 2024, QQQ stock price declined to $479.11 with 26,594,043 million shares trading.
QQQ has a beta of 1.27, meaning it tends to be more sensitive to market movements. QQQ has a correlation of 0.86 to the broad based SPY ETF.
QQQ has a market cap of $284.88 billion. This is considered a Mega Cap stock.
In the last 3 years, QQQ stock traded as high as $487.20 and as low as $254.26.
QQQ has outperformed the market in the last year with a return of +32.4%, while the SPY ETF gained +26.3%. In the last 3 month period, QQQ beat the market returning +8.1%, while SPY returned +4.4%. However, in the most recent 2 weeks QQQ has underperformed the stock market by returning +0.1%, while SPY returned +0.6%.
QQQ support price is $477.26 and resistance is $485.96 (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 QQQ stock will trade within this expected range on the day.