Is Fortive Corp (FTV) Stock About to Get Hot Monday?

Overall market sentiment has been high on Fortive Corp (FTV) stock lately. FTV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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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. 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 FTV Stock Today?

Fortive Corp (FTV) stock is lower by -0.79% while the S&P 500 has risen 0.03% as of 2:38 PM on Monday, Nov 6. FTV is down -$0.52 from the previous closing price of $65.95 on volume of 1,056,211 shares. Over the past year the S&P 500 has risen 14.52% while FTV has risen 1.38%. FTV earned $2.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.2.

More About Fortive Corp

Fortive Corp is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021. Click Here to get the full Stock Report for Fortive Corp stock.