SPMB Crowded With Sellers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Source: NASDAQ.COM
SPDR Portfolio Mortgage Backed Bond Analysis: The RSI for SPDR Portfolio Mortgage Backed Bond (SPMB) is at 28.3, indicating potential exhaustion of recent selling, while the S&P 500's RSI stands at 49.6.
Performance Overview: SPMB's share price is currently $21.68, within a 52-week range of $20.5899 to $22.7563, and it has seen a slight decline of about 0.3% on the day.
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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
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.
