Is it Time to Dump XL Fleet Corp (XL) Stock After it Has Gained 10.71% in a Week?

Monday, September 12, 2022 12:41 PM | InvestorsObserver Analysts

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Is it Time to Dump XL Fleet Corp (XL) Stock After it Has Gained 10.71% in a Week?

XL Fleet Corp (XL) stock has risen 10.71% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

XL Fleet Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XL!

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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. 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 XL Stock Today?

XL Fleet Corp (XL) stock is trading at $1.24 as of 12:30 PM on Monday, Sep 12, an increase of $0.07, or 5.56% from the previous closing price of $1.17. The stock has traded between $1.20 and $1.28 so far today. Volume today is high. So far 1,993,554 shares have traded compared to average volume of 1,043,987 shares. To screen for more stocks like XL Fleet Corp click here.

More About XL Fleet Corp

XL Fleet Corp is a provider of fleet electrification solutions for commercial vehicles in North America. The company's fleet electrification solutions for commercial vehicles provide the market with hybrid and plug-in hybrid solutions with on-board telematics that are available for sale and deployment across a broad range of popular vehicle chassis from the original equipment manufacturers. The company's revenue is primarily derived from the sales of hybrid electric powertrain systems. Click Here to get the full Stock Report for XL Fleet Corp stock.