XLB Stock Summary and Trading Ideas (Materials Select Sector SPDR | ARCA:XLB)

The Materials Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Materials Select Sector Index (ticker: IXB).

Materials Select Sector SPDR trades on the ARCA stock market under the symbol XLB.

As of April 19, 2024, XLB stock price declined to $88.96 with 4,859,765 million shares trading.

XLB has a beta of 0.94, meaning it tends to be less sensitive to market movements. XLB has a correlation of 0.56 to the broad based SPY ETF.

XLB has a market cap of $5.61 billion. This is considered a Mid Cap stock.

In the last 3 years, XLB stock traded as high as $93.72 and as low as $66.85.

XLB stock has underperformed the market in the last year with a return of +11.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in XLB shares. However, XLB has outperformed the market in the last 3 month and 2 week periods, returning +8.6% and -4.1%, while SPY returned +3.0% and -4.5%, respectively. This indicates XLB has been having a stronger performance recently.

XLB support price is $88.16 and resistance is $89.90 (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 XLB stock will trade within this expected range on the day.