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Oppenheimer warns against overreacting to strong jobs data
Seeking Alpha News (Mon, 7-Oct 12:17 PM ET)
November rate cut will be ‘less of a sure thing’ if September CPI print is very strong
Seeking Alpha News (Mon, 7-Oct 10:54 AM ET)
SQQQ Bullish Call Spread at $0.82 Appears to be a Good Buy
Market Chameleon (Tue, 30-Jul 7:55 AM ET)
SQQQ Bullish Call Spread at $2.00 Appears to be a Good Buy
Market Chameleon (Mon, 24-Apr 7:29 AM ET)
SQQQ Bullish Call Spread at $2.48 Appears to be a Good Buy
Market Chameleon (Fri, 10-Mar 7:18 AM ET)
ProShares UltraPro Short QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .
ProShares Ultrapro Short QQQ trades on the NASDAQ stock market under the symbol SQQQ.
As of October 9, 2024, SQQQ stock price declined to $7.20 with 65,744,572 million shares trading.
SQQQ has a beta of -4.07, meaning it tends to be less sensitive to market movements. SQQQ has a correlation of 0.89 to the broad based SPY ETF.
SQQQ has a market cap of $2.49 billion. This is considered a Mid Cap stock.
In the last 3 years, SQQQ traded as high as $69.55 and as low as $7.12.
SQQQ has underperformed the market in the last year with a price return of -58.9% while the SPY ETF gained +35.9%. SQQQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.7% and -2.0%, respectively, while the SPY returned +4.2% and +0.9%, respectively.
SQQQ support price is $7.09 and resistance is $7.59 (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 SQQQ shares will trade within this expected range on the day.