Overall market sentiment has been high on American Axle & Manufact. Holdings, Inc. (AXL) stock lately. AXL receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 AXL Stock Today?
American Axle & Manufact. Holdings, Inc. (AXL) stock is down -7.02% while the S&P 500 is higher by 0.14% as of 2:27 PM on Monday, Jan 25. AXL is down -$0.68 from the previous closing price of $9.68 on volume of 1,425,405 shares. Over the past year the S&P 500 is up 18.59% while AXL is down -4.15%. AXL lost -$9.35 per share in the over the last 12 months.
To see the top 5 stocks in the Auto Parts industry click here.
More About American Axle & Manufact. Holdings, Inc.
American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars and commercial vehicles. Its product portfolio consist of vehicle architectures, driveline systems, drivetrain systems, powertrain components, chassis system components, and metal formed products. The Company generates majority of its revenue from the United States.
