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.
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 MLI Stock Today?
Mueller Industries Inc (MLI) stock is lower by -0.43% while the S&P 500 is higher by 0.38% as of 12:49 PM on Monday, Jun 5. MLI is down -$0.34 from the previous closing price of $78.81 on volume of 158,430 shares. Over the past year the S&P 500 has gained 4.30% while MLI is higher by 35.36%. MLI earned $11.93 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.58.
To see InvestorsObserver's Sentiment Score for Mueller Industries Inc click here.
More About Mueller Industries Inc
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.
Click Here to get the full Stock Report for Mueller Industries Inc stock.
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