Grupo Simec SAB de CV (SIM) stock has gained 12.50% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 SIM Stock Today?
Grupo Simec SAB de CV (SIM) stock has gained 0.67% while the S&P 500 has fallen -1.86% as of 2:00 PM on Wednesday, Oct 28. SIM has risen $0.06 from the previous closing price of $8.94 on volume of 8,525 shares. Over the past year the S&P 500 has gained 14.64% while SIM has fallen -5.86%. SIM lost -$0.32 per share in the over the last 12 months.
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More About Grupo Simec SAB de CV
Grupo Simec SAB de CV is a diversified manufacturer, processor and distributor of special bar quality, or SBQ, steel and structural steel products. The United States, Brazil, and Mexico are the biggest markets for the company. The company's SBQ products are used across a broad range of highly engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. The company's structural steel products are mainly used in the non-residential construction market and other construction applications.
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