ProShares Ultra S&P500 Stock Rating Reaffirmed by Deutsche Bank (SSO)
ProShares Ultra S&P500 (NYSE:SSO)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a $7.00 target price on the stock, up from their previous target price of $4.50. Deutsche Bank’s price objective would indicate a potential downside of 91.85% from the company’s current price.
ProShares Ultra S&P500 (NYSE:SSO) traded down 0.44% on Wednesday, hitting $85.52. The stock had a trading volume of 5,428,660 shares. ProShares Ultra S&P500 has a 1-year low of $53.38 and a 1-year high of $89.54. The stock’s 50-day moving average is $83.7 and its 200-day moving average is $79.91.
ProShares Ultra S&P500 (NYSE:SSO), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index.
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