Market volatility jumps to its highest level in nearly three weeks (VIX)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Source: SeekingAlpha
Market Volatility: Wall Street experienced increased volatility, with the S&P VIX Index rising 12% to reach its highest level in nearly three weeks.
Fear and Sentiment Indicator: The VIX index hit a value of 22.78, indicating heightened fear and uncertainty among investors.
Analyst Views on UVXY
Wall Street analysts forecast UVXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UVXY 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: 35.780
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Current: 35.780
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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.
