Dana Inc (DAN) Stock: What Does the Chart Say Wednesday?

Dana Inc (DAN) stock has gained 3.46% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Dana Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DAN!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DAN Stock Today?

Dana Inc (DAN) stock is trading at $12.56 as of 12:54 PM on Wednesday, Mar 27, a gain of $0.30, or 2.45% from the previous closing price of $12.26. The stock has traded between $12.31 and $12.56 so far today. Volume today is light. So far 486,308 shares have traded compared to average volume of 1,618,833 shares.

More About Dana Inc

Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems, electrodynamic technologies, including software and controls and thermal, sealing, and digital solutions. The company generates revenue from selling production parts to original equipment manufacturers (OEMs) and service parts to OEMs and aftermarket customers. Click Here to get the full Stock Report for Dana Inc stock.