3-Jan-2025
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Short sellers down $180.9B in 2024 mark-to-market losses as Wall Street soars
Seeking Alpha News (Sat, 4-Jan 3:38 PM ET)
Wall Street posts weekly loss as it transitions into new year after banner 2024
Seeking Alpha News (Sat, 4-Jan 9:15 AM ET)
Growth vs. Value had its best two-year run since 1978 – BofA
Seeking Alpha News (Fri, 3-Jan 1:02 PM ET)
S&P 500's returns on first trading day of a year poor barometer for annual performance
Seeking Alpha News (Fri, 3-Jan 7:46 AM ET)
SA analyst share their 2025 market insights
Seeking Alpha News (Thu, 2-Jan 2:34 PM ET)
SA analyst' share their 2025 market insights
Seeking Alpha News (Thu, 2-Jan 2:34 PM ET)
The Invesco S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500 Index. The Fund and the Index are rebalanced quarterly.
Invesco S&P 500 Equal Weight ETF trades on the ARCA stock market under the symbol RSP.
As of January 3, 2025, RSP stock price climbed to $176.32 with 4,687,376 million shares trading.
RSP has a beta of 0.73, meaning it tends to be less sensitive to market movements. RSP has a correlation of 0.62 to the broad based SPY ETF.
RSP has a market cap of $72.61 billion. This is considered a Large Cap stock.
In the last 3 years, RSP traded as high as $188.16 and as low as $124.92.
RSP has underperformed the market in the last year with a return of +14.7%, while the SPY ETF gained +27.8%. In the last 3 month period, RSP fell short of the market, returning -0.5%, while SPY returned +4.6%. However, in the most recent 2 weeks RSP has outperformed the stock market by returning +0.2%, while SPY returned +0.1%.
RSP support price is $173.31 and resistance is $176.13 (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 RSP shares will trade within this expected range on the day.