SPXS Stock Summary and Trading Ideas (Direxion Daily S&P 500 Bear 3X | ARCA:SPXS)

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 May 15, 2024, SPXS stock price declined to $8.61 with 13,842,501 million shares trading.

SPXS has a beta of -3.01, 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 $501.33 million. This is considered a Small Cap stock.

In the last 3 years, SPXS stock traded as high as $31.42 and as low as $8.60.

SPXS has underperformed the market in the last year with a price return of -48.0% while the SPY ETF gained +29.9%. SPXS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.8% and -13.6%, respectively, while the SPY returned +6.2% and +5.2%, respectively.

SPXS support price is $8.62 and resistance is $9.06 (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.