The market has been down on Spotify Technology SA (SPOT) stock recently. SPOT gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 SPOT Stock Today?
Spotify Technology SA (SPOT) stock is trading at $235.21 as of 9:57 AM on Thursday, Sep 17, an increase of $0.52, or 0.22% from the previous closing price of $234.69. The stock has traded between $228.01 and $236.08 so far today. Volume today is less active than usual. So far 96,003 shares have traded compared to average volume of 1,643,946 shares.
To see InvestorsObserver's Sentiment Score for Spotify Technology SA click here.
More About Spotify Technology SA
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners. The firm monetizes its users through both a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 90% and 10% of Spotify's 2017 total revenue, respectively.
Click Here to get the full Stock Score Report on Spotify Technology SA (SPOT) Stock.
