Wall Street Performance: In the last trading session, Wall Street saw a decline, with SPY down 0.9%, DIA falling 1.2%, and QQQ decreasing by 0.9%.
Increased ETF Trading Volumes: Two specialized ETFs, PBE and FBT, experienced trading volumes significantly higher than their averages, indicating potential interest in these funds.
PBE ETF Details: The Invesco Biotechnology & Genome ETF (PBE) traded 20,471 shares, over four times its average volume, and saw a slight decrease of 0.3% in the last session, but gained 6.1% over the past month.
FBT ETF Details: The First Trust NYSE Arca Biotechnology ETF (FBT) had a trading volume of 89,466 shares, more than four times its average, with a minor increase of 0.2% in the last session and a 5.7% gain over the past month.
Wall Street analysts forecast PBE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBE 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
Wall Street analysts forecast PBE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBE 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 Buy
0 Hold
0 Sell
Current: 83.477
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Current: 83.477
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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.
