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Biotech IPOs return as sector recovers after funding overhang
Seeking Alpha News (Fri, 27-Sep 2:49 PM ET)
XBI Bullish Calendar Call Spread with 136% Upside
Market Chameleon (Wed, 21-Aug 9:53 AM ET)
XBI Bullish Call Spread is Undervalued at $4.25
Market Chameleon (Tue, 9-Apr 7:04 AM ET)
XBI Bullish Call Spread at $2.17 Appears to be a Good Buy
Market Chameleon (Mon, 30-Oct 6:40 AM ET)
The SPDR S&P Biotech ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Biotechnology Select Industry Index (the Index ). The S&P Biotechnology Select Industry represents the biotechnology segment of the S&P Total Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The biotechnology segment of the S&P TMI comprises the Biotechnology sub-industry. The Index is modified equal weighted.
SPDR Series Trust SPDR S&P Biotech ETF trades on the ARCA stock market under the symbol XBI.
As of September 27, 2024, XBI stock price climbed to $98.43 with 5,807,537 million shares trading.
XBI has a beta of 1.37, meaning it tends to be more sensitive to market movements. XBI has a correlation of 0.39 to the broad based SPY ETF.
XBI has a market cap of $7.80 billion. This is considered a Mid Cap stock.
In the last 3 years, XBI traded as high as $134.79 and as low as $61.78.
XBI has underperformed the market in the last year with a price return of +34.6% while the SPY ETF gained +35.8%. However, in the short term, XBI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.8% vs +5.1% return in SPY. But in the last 2 weeks, XBI shares have been beat by the market, returning -0.6% compared to an SPY return of +2.5%.
XBI support price is $96.72 and resistance is $99.67 (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 XBI shares will trade within this expected range on the day.