Overall market sentiment has been high on Hawaiian Electric Industries, Inc. (HE) stock lately. HE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Hawaiian Electric Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HE!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With HE Stock Today?
Hawaiian Electric Industries, Inc. (HE) stock is trading at $43.76 as of 3:10 PM on Tuesday, Aug 16, a gain of $0.09, or 0.21% from the previous closing price of $43.67. Volume today is below average. So far 204,373 shares have traded compared to average volume of 341,274 shares. The stock has traded between $43.51 and $43.95 so far today.
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More About Hawaiian Electric Industries, Inc.
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's third-largest financial institution, American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.
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