WEBS Stock Summary and Trading Ideas (Direxion Daily Dow Jones Internet Bear 3X ETF | ARCA:WEBS)

The Daily Dow Jones Internet Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Dow Jones Internet Composite Index. The Dow Jones Internet Composite Index (DJINETT) is provided by S&P Dow Jones Indices and includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the Index Provider. Additionally, each stock must have a minimum of three months trading history and a three month average market capitalization of at least $100 million. The Index consists of 40 stocks that are included in two different sectors, internet commerce and internet services.

Direxion Daily Dow Jones Internet Bear 3X ETF trades on the ARCA stock market under the symbol WEBS.

As of April 24, 2024, WEBS stock price climbed to $6.97 with 620,581 million shares trading.

WEBS has a beta of -4.30, meaning it tends to be less sensitive to market movements. WEBS has a correlation of 0.77 to the broad based SPY ETF.

WEBS has a market cap of $21.06 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, WEBS stock traded as high as $61.40 and as low as $5.95.

WEBS has underperformed the market in the last year with a return of -63.7%, while the SPY ETF gained +24.2%. In the last 3 month period, WEBS fell short of the market, returning -8.1%, while SPY returned +4.6%. However, in the most recent 2 weeks WEBS has outperformed the stock market by returning +14.2%, while SPY returned -2.7%.

WEBS support price is $6.62 and resistance is $7.18 (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 WEBS stock will trade within this expected range on the day.