17-May-2024
No press releases found.
Fed won’t cut rates until it sees ‘consistent’ downward trend in inflation – IHS Markit
Seeking Alpha News (Fri, 17-May 10:28 AM ET)
DWS is cautiously optimistic about stocks, but expects 'jittery' market
Seeking Alpha News (Thu, 16-May 11:03 AM ET)
BMO Capital Markets' Brian Belski raises S&P 500 year-end target to 5,600
Seeking Alpha News (Wed, 15-May 1:10 PM ET)
Stifel forecasts an S&P 500 decline of roughly 10% by the end of Q3
Seeking Alpha News (Mon, 13-May 9:07 AM ET)
ProShares Short S&P500 seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the S&P500 Index.
ProShares Short S&P500 trades on the ARCA stock market under the symbol SH.
As of May 17, 2024, SH stock price declined to $11.85 with 8,242,484 million shares trading.
SH has a beta of -1.00, meaning it tends to be less sensitive to market movements. SH has a correlation of 1.00 to the broad based SPY ETF.
SH has a market cap of $936.22 million. This is considered a Small Cap stock.
In the last 3 years, SH stock traded as high as $17.71 and as low as $11.79.
SH has underperformed the market in the last year with a price return of -15.7% while the SPY ETF gained +29.1%. SH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.0% and -3.1%, respectively, while the SPY returned +6.3% and +3.6%, respectively.
SH support price is $11.76 and resistance is $11.96 (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 SH stock will trade within this expected range on the day.