Is Cree, Inc. (CREE) Stock About to Get Hot Friday?

Friday, September 24, 2021 02:32 PM | InvestorsObserver Analysts

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Is Cree, Inc. (CREE) Stock About to Get Hot Friday?

Cree, Inc. (CREE) stock has fallen 0.77% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Cree, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CREE!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CREE Stock Today?

Cree, Inc. (CREE) stock has fallen -1.95% while the S&P 500 is up 0% as of 2:30 PM on Friday, Sep 24. CREE is lower by -$1.69 from the previous closing price of $86.73 on volume of 501,988 shares. Over the past year the S&P 500 is up 37.45% while CREE is up 47.28%. CREE lost -$3.04 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Cree, Inc. click here.

More About Cree, Inc.

Cree Inc is a United States-based company which is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries. Click Here to get the full Stock Report for Cree, Inc. stock.