Overall market sentiment has been high on Lear Corporation (LEA) stock lately. LEA receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 LEA Stock Today?
Lear Corporation (LEA) stock is trading at $129.50 as of 2:27 PM on Wednesday, Oct 7, a rise of $6.11, or 4.95% from the previous closing price of $123.39. The stock has traded between $124.30 and $129.54 so far today. Volume today is low. So far 325,916 shares have traded compared to average volume of 486,100 shares.
To see the top 5 stocks in the Auto Parts industry click here.
More About Lear Corporation
Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), foam, and headrests. Automotive electrical distribution systems and major electrical and electronic components include wiring harnesses, terminals and connectors, junction boxes, electronic control modules, wireless control devices, interior and exterior LED lighting systems, and audio systems and electronics.
Click Here to get the full Stock Score Report on Lear Corporation (LEA) Stock.
