17-May-2024
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A technical shift for the S&P 500 points to further gains - StockCharts
Seeking Alpha News (Wed, 15-May 6:04 PM ET)
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 May 17, 2024, SPLG stock price climbed to $62.27 with 3,757,252 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 $36.31 billion. This is considered a Large Cap stock.
In the last 3 years, SPLG stock traded as high as $62.52 and as low as $40.92.
SPLG has outperformed the market in the last year with a price return of +29.2% while the SPY ETF gained +29.1%. SPLG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.3% and +3.6%, respectively, while the SPY returned +6.3% and +3.6%, respectively.
SPLG support price is $61.69 and resistance is $62.70 (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.