Overall market sentiment has been down on Spirit AeroSystems Holdings, Inc. (SPR) stock lately. SPR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Spirit AeroSystems Holdings, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SPR!
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.
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 SPR Stock Today?
Spirit AeroSystems Holdings, Inc. (SPR) stock is trading at $24.09 as of 12:45 PM on Monday, Oct 17, a rise of $0.53, or 2.25% from the previous closing price of $23.56. The stock has traded between $23.92 and $24.70 so far today. Volume today is less active than usual. So far 402,540 shares have traded compared to average volume of 2,195,412 shares.
More About Spirit AeroSystems Holdings, Inc.
Spirit AeroSystems designs and manufactures aerostructures, particularly fuselages, for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures. Boeing and Airbus are the firms and its primary customers, Boeing composes roughly 80% of annual revenue and Airbus composes roughly 15% of revenue. The company is highly exposed to Boeing's 737 program, which generally accounts for about half of the company's revenue.
Click Here to get the full Stock Report for Spirit AeroSystems Holdings, Inc. stock.
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