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Dow to 60,000, S&P 500 to 8,000 in ‘roaring 2020s scenario’ – Yardeni Research
Seeking Alpha News (Mon, 20-May 2:13 PM ET)
Fed won’t cut rates until it sees ‘consistent’ downward trend in inflation – IHS Markit
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DWS is cautiously optimistic about stocks, but expects 'jittery' market
Seeking Alpha News (Thu, 16-May 11:03 AM ET)
ProShares UltraPro S&P500 seeks daily investment results before fees and expenses that correspond to triple (300%) the daily performance of the S&P 500
ProShares Ultrapro S&P 500 trades on the ARCA stock market under the symbol UPRO.
As of May 21, 2024, UPRO stock price climbed to $72.14 with 2,086,034 million shares trading.
UPRO has a beta of 3.00, meaning it tends to be more sensitive to market movements. UPRO has a correlation of 1.00 to the broad based SPY ETF.
UPRO has a market cap of $3.36 billion. This is considered a Mid Cap stock.
In the last 3 years, UPRO stock traded as high as $78.72 and as low as $25.94.
UPRO has outperformed the market in the last year with a price return of +79.5% while the SPY ETF gained +28.5%. UPRO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.2% and +8.2%, respectively, while the SPY returned +7.3% and +2.9%, respectively.
UPRO support price is $69.99 and resistance is $73.31 (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 UPRO stock will trade within this expected range on the day.