Overall market sentiment has been high on Acuity Brands, Inc. (AYI) stock lately. AYI 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 AYI Stock Today?
Acuity Brands, Inc. (AYI) stock is trading at $180.92 as of 1:32 PM on Monday, Apr 26, a gain of $2.78, or 1.56% from the previous closing price of $178.14. The stock has traded between $178.32 and $182.20 so far today. Volume today is low. So far 179,907 shares have traded compared to average volume of 602,012 shares.
To screen for more stocks like Acuity Brands, Inc. click here.
More About Acuity Brands, Inc.
Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.
Click Here to get the full Stock Score Report on Acuity Brands, Inc. (AYI) Stock.
