Horizon Global Corp (HZN) stock is higher by 13.28% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 HZN Stock Today?
Horizon Global Corp (HZN) stock is trading at $6.91 as of 1:56 PM on Friday, Nov 13, an increase of $0.56, or 8.82% from the previous closing price of $6.35. The stock has traded between $6.51 and $6.98 so far today. Volume today is high. So far 81,745 shares have traded compared to average volume of 59,128 shares.
To see the top 5 stocks in the Auto Parts industry click here.
More About Horizon Global Corp
Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton ,harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa. It derives a majority of revenue from Horizon Americas segment.
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