The market has been down on Crane Co. (CR) stock recently. CR gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CR Stock Today?
Crane Co. (CR) stock has risen 2.91% while the S&P 500 is down -1.07% as of 10:17 AM on Tuesday, May 4. CR is higher by $2.76 from the previous closing price of $94.74 on volume of 78,409 shares. Over the past year the S&P 500 is higher by 45.91% while CR is higher by 93.64%. CR earned $3.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 31.67.
To see InvestorsObserver's Sentiment Score for Crane Co. click here.
More About Crane Co.
Crane Co. is a diversified industrial firm, manufacturing a broad range of products, including valves, vending equipment, payment acceptance equipment, aerospace components, and fiberglass-reinforced plastic panels. The firm's business is organized into four segments: fluid handling, payment & merchandising technologies, aerospace & electronics, and engineered materials. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries. Crane generated approximately $2.9 billion in revenue and $323 million in adjusted operating income in 2020.
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