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Is it Time to Dump Texas Instruments Inc (TXN) Stock After it Has Risen 1.02% in a Week?

Wednesday, March 27, 2024 03:04 PM | InvestorsObserver Analysts

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Is it Time to Dump Texas Instruments Inc (TXN) Stock After it Has Risen 1.02% in a Week?

Overall market sentiment has been down on Texas Instruments Inc (TXN) stock lately. TXN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Texas Instruments Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TXN!

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 TXN Stock Today?

Texas Instruments Inc (TXN) stock is trading at $171.71 as of 2:58 PM on Wednesday, Mar 27, a rise of $3.80, or 2.26% from the previous closing price of $167.91. The stock has traded between $168.83 and $172.15 so far today. Volume today is less active than usual. So far 2,223,554 shares have traded compared to average volume of 5,321,288 shares.

More About Texas Instruments Inc

Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications. Click Here to get the full Stock Report for Texas Instruments Inc stock.

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