The market has been down on AeroCentury Corp. (ACY) stock recently. ACY gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 ACY Stock Today?
AeroCentury Corp. (ACY) stock is trading at $11.18 as of 10:01 AM on Thursday, Dec 31, an increase of $4.33, or 63.21% from the previous closing price of $6.85. The stock has traded between $6.57 and $11.18 so far today. Volume today is low. So far 323,011 shares have traded compared to average volume of 1,754,130 shares.
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More About AeroCentury Corp.
AeroCentury Corp is an aircraft operating lessor and finance company that specializes in leasing regional turboprop and jet aircraft and engines to regional air carriers. The company operates in one business segment, the Leasing of Regional Aircraft and Engines to foreign and domestic regional airlines. Its primary geographic markets are Europe and the United Kingdom, North America, Africa, and Asia.
Click Here to get the full Stock Score Report on AeroCentury Corp. (ACY) Stock.
