Is Coherent Corp (COHR) Stock About to Get Hot Tuesday?

Coherent Corp (COHR) stock has risen 10.47% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Coherent Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on COHR!

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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. 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 COHR Stock Today?

Coherent Corp (COHR) stock is trading at $32.70 as of 9:44 AM on Tuesday, Nov 7, a loss of -$0.10, or -0.32% from the previous closing price of $32.80. The stock has traded between $32.59 and $33.91 so far today. Volume today is low. So far 48,951 shares have traded compared to average volume of 1,933,985 shares.

More About Coherent Corp

II-VI Inc manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices. Click Here to get the full Stock Report for Coherent Corp stock.