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Do Traders Think ON Semiconductor Corp (ON) Can Keep Climbing Friday?

Friday, August 19, 2022 10:03 AM | InvestorsObserver Analysts
Do Traders Think ON Semiconductor Corp (ON) Can Keep Climbing Friday?

ON Semiconductor Corp (ON) stock is higher by 2.01% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
ON Semiconductor Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ON!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 ON Stock Today?

ON Semiconductor Corp (ON) stock is trading at $72.59 as of 9:55 AM on Friday, Aug 19, a drop of -$0.66, or -0.9% from the previous closing price of $73.25. The stock has traded between $71.68 and $73.49 so far today. Volume today is light. So far 791,872 shares have traded compared to average volume of 7,885,862 shares.

More About ON Semiconductor Corp

Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second- largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy. Click Here to get the full Stock Report for ON Semiconductor Corp stock.

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