Overall market sentiment has been high on Lam Research Corporation (LRCX) stock lately. LRCX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Lam Research Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LRCX!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 LRCX Stock Today?
Lam Research Corporation (LRCX) stock is lower by -2.02% while the S&P 500 is higher by 0.08% as of 3:36 PM on Tuesday, Nov 28. LRCX is lower by -$14.58 from the previous closing price of $722.45 on volume of 537,658 shares. Over the past year the S&P 500 has risen 14.88% while LRCX is higher by 59.71%. LRCX earned $29.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.1.
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More About Lam Research Corporation
Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics, Micron, Intel, and Taiwan Semiconductor Manufacturing.
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