Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 AA Stock Today?
Alcoa Corp (AA) stock has fallen -3.44% while the S&P 500 is higher by 0.19% as of 11:15 AM on Monday, Aug 1. AA is lower by -$1.75 from the previous closing price of $50.89 on volume of 1,968,953 shares. Over the past year the S&P 500 has fallen -5.68% while AA is higher by 24.72%. AA earned $5.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.69.
More About Alcoa Corp
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.
Click Here to get the full Stock Report for Alcoa Corp stock.
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