Arcimoto Inc (FUV) stock is higher by 12.1% as the Electric Vehicle stock increases $0.08 and outperforms the market Overall market sentiment has been down on Arcimoto Inc (FUV) stock lately. FUV receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Arcimoto Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FUV!
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.
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 FUV Stock Today?
Arcimoto Inc (FUV) stock is trading at $0.77 as of 1:05 PM on Monday, Dec 18, an increase of $0.08, or 12.1% from the previous closing price of $0.68. The stock has traded between $0.67 and $0.89 so far today. Volume today is more active than usual. So far 335,390 shares have traded compared to average volume of 225,612 shares.
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More About Arcimoto Inc
Arcimoto, Inc. designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine. The company was formerly known as WTP Incorporated and changed to Arcimoto, Inc. in 2011. Arcimoto, Inc. was incorporated in 2007 and is headquartered in Eugene, Oregon.
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