The 52-week range refers to the highest and lowest closing prices of a security (stock, bond, etc.) over the past year (52 weeks). It's a metric used to understand an asset's price movement and volatility within that timeframe.
Here's a breakdown:
52 weeks: Represents one year in the financial world.
Range: The difference between the highest and lowest prices.
By looking at the 52-week range, investors can get a sense of how much an asset's price has fluctuated recently. A wider range indicates higher volatility, while a narrower range suggests a more stable price movement.
It's important to note that the 52-week range only reflects past performance and doesn't necessarily predict future price movements.
