THQ Stock Summary and Trading Ideas (Tekla Health Care Opportunities | NYSE:THQ)

The Fund's investment objective is to seek current income and long-term capital appreciation through investment in companies in the healthcare industry (including equity securities, debt securities and pooled investment vehicles). This is a broad mandate and the Fund invests primarily in securities of public and private companies believed by the Fund's Investment Adviser, Tekla Capital Management LLC (the Adviser) to have significant potential for above-average growth.

Tekla Health Care Opportunities trades on the NYSE stock market under the symbol THQ.

As of May 16, 2024, THQ stock price declined to $20.55 with 109,265 million shares trading.

THQ has a beta of 0.89, meaning it tends to be less sensitive to market movements. THQ has a correlation of 0.40 to the broad based SPY ETF.

THQ has a market cap of $849.87 million. This is considered a Small Cap stock.

In the last 3 years, THQ stock traded as high as $25.92 and as low as $15.29.

THQ has underperformed the market in the last year with a price return of +17.7% while the SPY ETF gained +29.6%. However, in the short term, THQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.3% vs +5.6% return in SPY. But in the last 2 weeks, THQ shares have been beat by the market, returning +4.2% compared to an SPY return of +5.7%.

THQ support price is $20.45 and resistance is $20.73 (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 THQ stock will trade within this expected range on the day.