Array Technologies Inc (ARRY) Stock: What Does the Chart Say Wednesday?

Array Technologies Inc (ARRY) stock has fallen 20.52% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Array Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ARRY!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ARRY Stock Today?

Array Technologies Inc (ARRY) stock is trading at $18.24 as of 10:58 AM on Wednesday, Dec 1, an increase of $0.23, or 1.25% from the previous closing price of $18.02. Volume today is elevated. So far 4,103,444 shares have traded compared to average volume of 2,820,316 shares. The stock has traded between $17.56 and $18.27 so far today. To see InvestorsObserver's Sentiment Score for Array Technologies Inc click here.

More About Array Technologies Inc

Array Technologies Inc manufacturers of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in United States, Australia, and Rest of the World with United States deriving majority of the revenue. Click Here to get the full Stock Report for Array Technologies Inc stock.