27-Mar-2024
No headlines found.
No press releases found.
No news found.
The Large Cap Bear 3X EFT seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Index (Large Cap Index). There is no guarantee the fund will meet its stated investment objective.
Direxion Daily S&P 500 Bear 3X trades on the ARCA stock market under the symbol SPXS.
As of March 27, 2024, SPXS stock price declined to $8.73 with 17,209,323 million shares trading.
SPXS has a beta of -3.02, meaning it tends to be less sensitive to market movements. SPXS has a correlation of 1.00 to the broad based SPY ETF.
SPXS has a market cap of $520.54 million. This is considered a Small Cap stock.
In the last 3 years, SPXS stock traded as high as $32.18 and as low as $8.65.
SPXS has underperformed the market in the last year with a price return of -52.6% while the SPY ETF gained +33.9%. SPXS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.8% and -3.5%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
SPXS support price is $8.76 and resistance is $9.10 (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 SPXS stock will trade within this expected range on the day.