NYSE Arca: SPY stock had been on the rise from 2020 until Sept. 02, 2021. It has withstood the harsh COVID-19 pandemic all though and gained a lot of trust among stock exchange traders globally. Currently, the stock is in recess and investors are rushing to purchase it before it regains the bullish trend.
To help stock traders eying the SPY stock, Invezz has created a brief article on what SPY stock is and the best place to buy it.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
To find out more, please continue reading.
Best places to trade SPY Stock
Do you want to take advantage of the current dip in NYSE Arca: SPY stock price but you are wondering how and where to buy it online? Well, you don’t have to worry anymore. You are in the right place!
All you have to do is to find a stock exchange to purchase the number of SPY stocks you want.
According to our team of professionals, here are some of the best stock exchanges where are you can buy SPY stocks:
What is SPY stock?
SPY stock is the stock of the SPDR S&P 500 trust and it trades on the NYSE Arca under the symbol (NYSE Arca: SPY).
Standard & Poor’s Depositary Receipts (SPDR) S&P 500 trust is an exchange-traded fund that was created in 1926 and it owns all the stocks in the Standard & Poor’s 500 index.
SPDR S&P 500 is used as an important market measure by traders and investors around the globe since it tracks the rise and fall of the largest 500 stocks trading on the US stock exchanges.
Should I buy the SPY stock today?
If you are looking to invest in a stock that has shown resilience during the COVID-19 pandemic, then SPY is a good choice especially now that its price has fallen.
Nevertheless, you should be aware of the fact that the stock market is affected by a wide range of factors and the value of the stocks keeps on changing every time.
SPY stock price prediction
The current bearish trend in the price of the SPY stock is viewed by most experts to be short-lived and the stock is expected to regain its bullish trend in the coming days.
SPY stock social media coverage
67% of retail CFD accounts lose money