MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Stock Price Down 9.3% – Time to Sell?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) traded down 9.3% on Wednesday . The company traded as low as $6.36 and last traded at $6.36. 881 shares traded hands during trading, a decline of 84% from the average session volume of 5,505 shares. The stock had previously closed at $7.01.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The stock has a 50-day moving average of $6.94 and a two-hundred day moving average of $9.37.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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The MAX Auto Industry -3x Inverse Leveraged ETN (CARD) is an exchange-traded fund that is based on the Prime Auto Industry index. The fund is an exchange-traded note that tracks -3x the daily price movements of an index consisting of US-listed companies in the broader auto industry ecosystem. The index selects equities by market-cap and weights the resulting portfolio by liquidity.

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