Direxion Daily Semiconductor Bear 3X Shares falls -13.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
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Current Performance: Direxion Daily Semiconductor Bear 3X Shares has decreased by 13.4%, equating to a drop of $3.49, bringing its price down to $22.60.
Market Context: This decline reflects ongoing volatility in the semiconductor sector as of October 2023.
Analyst Views on SOXS
Wall Street analysts forecast SOXS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOXS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 1.970
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Current: 1.970
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
