Is it Time to Dump Spirit AeroSystems Holdings Inc (SPR) Stock After it Has Fallen 10.20% in a Week?

The market has been down on Spirit AeroSystems Holdings Inc (SPR) stock recently. SPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Spirit AeroSystems Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SPR!

See Full SPR Report

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 SPR Stock Today?

Spirit AeroSystems Holdings Inc (SPR) stock is up 3.88% while the S&P 500 is down -0.72% as of 12:18 PM on Friday, Mar 15. SPR has risen $1.20 from the previous closing price of $30.93 on volume of 1,018,307 shares. Over the past year the S&P 500 is up 31.38% while SPR has risen 6.60%. SPR lost -$5.78 per share in the over the last 12 months.

More About Spirit AeroSystems Holdings Inc

Spirit AeroSystems designs and manufactures aerostructures, particularly fuselages, for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures. Boeing and Airbus are the firms and its primary customers, Boeing composes roughly 80% of annual revenue and Airbus composes roughly 15% of revenue. The company is highly exposed to Boeing's 737 program, which generally accounts for about half of the company's revenue. Click Here to get the full Stock Report for Spirit AeroSystems Holdings Inc stock.