The stock of DB X-TRACKERS DBX S&P 500 INVERSE DAILY ETF (LON:XSPD) hit a new 52-week low and has GBX 16.89 target or 13.00% below today’s GBX 19.41 share price. The 5 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 11 by Barchart.com. If the GBX 16.89 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The ETF 0.01% or GBX 0 on November 11, hitting GBX 19.41. It is down 7.30% since April 5, 2016 and is downtrending. It has underperformed by 13.44% the S&P500.
More news for DB X-TRACKERS DBX S&P 500 INVERSE DAILY ETF (LON:XSPD) were recently published by: Businesswire.com, which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Businesswire.com‘s article titled: “Important Notice to Shareholders” and published on August 21, 2015 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.