THW Stock Summary and Trading Ideas (Tekla World Health Care | NYSE:THW)

Tekla World Healthcare Fund (THW) is a non-diversified, closed-end fund that invests primarily in the healthcare industry.

Tekla World Health Care trades on the NYSE stock market under the symbol THW.

As of May 16, 2024, THW stock price declined to $13.01 with 69,766 million shares trading.

THW has a beta of 1.07, meaning it tends to be more sensitive to market movements. THW has a correlation of 0.33 to the broad based SPY ETF.

THW has a market cap of $498.01 million. This is considered a Small Cap stock.

In the last 3 years, THW stock traded as high as $17.38 and as low as $9.76.

THW has underperformed the market in the last year with a price return of +0.7% while the SPY ETF gained +29.6%. However, in the short term, THW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.9% vs +5.6% return in SPY. But in the last 2 weeks, THW shares have been beat by the market, returning +1.2% compared to an SPY return of +5.7%.

THW support price is $12.96 and resistance is $13.22 (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 THW stock will trade within this expected range on the day.