23-Apr-2024
No press releases found.
J.P. Morgan's Kolanovic says the correction in stocks isn't finished yet
Seeking Alpha News (Mon, 22-Apr 4:40 PM ET)
The S&P 500 pullback may not be totally over – RBC Capital Markets
Seeking Alpha News (Mon, 22-Apr 11:18 AM ET)
S&P 500 drops below 5,000 for first time in two months
Seeking Alpha News (Fri, 19-Apr 11:18 AM ET)
ProShares Ultra S&P500 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the S&P 500 Index.
ProShares Ultra S&P500 trades on the ARCA stock market under the symbol SSO.
As of April 23, 2024, SSO stock price climbed to $72.04 with 6,903,348 million shares trading.
SSO has a beta of 2.00, meaning it tends to be more sensitive to market movements. SSO has a correlation of 1.00 to the broad based SPY ETF.
SSO has a market cap of $4.12 billion. This is considered a Mid Cap stock.
In the last 3 years, SSO stock traded as high as $77.96 and as low as $37.53.
SSO has outperformed the market in the last year with a return of +42.7%, while the SPY ETF gained +24.3%. In the last 3 month period, SSO beat the market returning +7.2%, while SPY returned +4.6%. However, in the most recent 2 weeks SSO has underperformed the stock market by returning -5.5%, while SPY returned -2.6%.
SSO support price is $69.13 and resistance is $71.53 (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 SSO stock will trade within this expected range on the day.