LABU, FDMT, ETNB, ACAD: ETF Outflow Alert
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2024
0mins
Source: NASDAQ.COM
- LABU Stock Analysis: LABU's 52-week range is $48.402 to $176.9899 per share, with the last trade at $108.70. Comparing the share price to the 200-day moving average is a useful technical analysis technique.
- ETF Trading: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell "units." These units can be created or destroyed based on investor demand, impacting the underlying holdings of the ETF.
- Monitoring ETF Flows: Weekly monitoring of changes in shares outstanding data helps track notable inflows (new units created) or outflows (old units destroyed) in ETFs, affecting the individual components held within them.
- Notable Outflows: The article mentions 9 other ETFs that experienced significant outflows, which can influence the market and investor decisions.
- Disclaimer: The views and opinions expressed in the content are those of the author and may not necessarily reflect those of Nasdaq, Inc.
Analyst Views on LABU
Wall Street analysts forecast LABU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LABU 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: 195.950
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Current: 195.950
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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.
