Switchback Energy Acquisition Ord Shs Class A (SBE) stock is higher by 15.12% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 SBE Stock Today?
Switchback Energy Acquisition Ord Shs Class A (SBE) stock is trading at $16.60 as of 12:17 PM on Tuesday, Oct 20, a gain of $0.59, or 3.69% from the previous closing price of $16.01. The stock has traded between $16.43 and $17.60 so far today. Volume today is below average. So far 2,048,103 shares have traded compared to average volume of 3,450,588 shares.
More About Switchback Energy Acquisition Ord Shs Class A
Switchback Energy Acquisition Corp is a shell company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business.
