28-Mar-2024
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Here are the top and bottom S&P 500 stocks in terms of Q1 stock performance
Seeking Alpha News (Tue, 26-Mar 10:26 AM ET)
HSBC raised its S&P 500 year-end target to 5,400
Seeking Alpha News (Mon, 25-Mar 8:41 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 March 28, 2024, UPRO stock price declined to $70.55 with 3,446,324 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 $3.29 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 +101.5% while the SPY ETF gained +33.6%. UPRO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +27.7% and +4.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
UPRO support price is $69.23 and resistance is $71.95 (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.