Overall market sentiment has been high on Autoliv Inc (ALV) stock lately. ALV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Autoliv Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALV!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 ALV Stock Today?
Autoliv Inc (ALV) stock is trading at $81.99 as of 10:12 AM on Friday, Aug 19, a loss of -$2.44, or -2.9% from the previous closing price of $84.44. The stock has traded between $81.99 and $82.79 so far today. Volume today is low. So far 49,761 shares have traded compared to average volume of 627,362 shares.
More About Autoliv Inc
Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 13% of 2021 revenue, with Stellantis accounting for 11%, and Volkswagen at 10%. At 31% of 2021 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 28%, China at 22%, and Japan at 9%.
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