XLP, OFOS: Big ETF Outflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Source: NASDAQ.COM
ETF Outflows: The OFOS ETF experienced the largest outflow, losing 110,000 units, which is a 39.3% decline in outstanding units compared to the previous week.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Analyst Views on XLP
Wall Street analysts forecast XLP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLP 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: 82.440
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Current: 82.440
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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.
