SPDR Portfolio Mortgage Backed Bond (SPMB) Shares Cross Above 200 DMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
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Source: NASDAQ.COM
SPMB Stock Performance: SPMB's stock has a 52-week low of $20.92 and a high of $22.7563, with the last trade recorded at $21.95.
Market Insights: The article mentions other ETFs that have recently crossed above their 200-day moving average, indicating potential market trends.
Analyst Views on SPMB
Wall Street analysts forecast SPMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPMB 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: 22.480
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Current: 22.480
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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.
