SPLG Stock Summary and Trading Ideas (SPDR Portfolio S&P 500 ETF | ARCA:SPLG)

The SPDR Portfolio S&P 500 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Index (the "Index"). The S&P 500 Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over approximately 24 separate industry groups.

SPDR Portfolio S&P 500 ETF trades on the ARCA stock market under the symbol SPLG.

As of April 19, 2024, SPLG stock price declined to $58.24 with 10,110,512 million shares trading.

SPLG has a beta of 1.00, meaning it tends to be less sensitive to market movements. SPLG has a correlation of 1.00 to the broad based SPY ETF.

SPLG has a market cap of $32.59 billion. This is considered a Large Cap stock.

In the last 3 years, SPLG stock traded as high as $61.70 and as low as $40.92.

SPLG has outperformed the market in the last year with a return of +21.3%, while the SPY ETF gained +21.2%. However, in the most recent history, SPLG shares have underperformed the stock market with its stock returning +4.2% in the last 3 month period and -3.5% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

SPLG support price is $58.29 and resistance is $59.23 (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 SPLG stock will trade within this expected range on the day.