Overall market sentiment has been high on General Dynamics Corporation (GD) stock lately. GD receives a Bullish rating from InvestorsObserver's Stock 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.
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 GD Stock Today?
General Dynamics Corporation (GD) stock is down -1.85% while the S&P 500 has risen 0.52% as of 2:22 PM on Thursday, Sep 17. GD has fallen -$2.72 from the previous closing price of $146.78 on volume of 811,577 shares. Over the past year the S&P 500 has gained 13.16% while GD has fallen -24.70%. GD earned $11.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.79.
More About General Dynamics Corporation
General Dynamics is a long-cycle defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, information technology, and mission systems. The company's aerospace segment creates Gulfstream business jets. Combat systems mostly produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The information technology business primarily serves the government market. The mission systems segment focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.