Is Kaiser Aluminum Corp. (KALU) a Stock to Watch After Losing -2.98% This Week?

Overall market sentiment has been down on Kaiser Aluminum Corp. (KALU) stock lately. KALU receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Kaiser Aluminum Corp. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on KALU!

See Full KALU Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 KALU Stock Today?

Kaiser Aluminum Corp. (KALU) stock is trading at $65.08 as of 2:17 PM on Friday, Oct 20, a loss of -$1.47, or -2.21% from the previous closing price of $66.55. The stock has traded between $64.68 and $66.66 so far today. Volume today is low. So far 39,407 shares have traded compared to average volume of 86,194 shares. To screen for more stocks like Kaiser Aluminum Corp. click here.

More About Kaiser Aluminum Corp.

Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products primarily to industrial customers. The firm purchases primary and scrap aluminum, primarily from its five largest suppliers, and processes it into specialized value-added products. The company hedges its aluminum costs in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. Kaiser produces high-strength aluminum products for the aerospace industry, specialized aluminum extrusions for the automotive industry, and also sells products to customers in the general engineering industry. Nearly all of Kaiser's revenue is generated in the US, with the remainder coming from Canada. The company's operations are also located in the US and Canada. Click Here to get the full Stock Report for Kaiser Aluminum Corp. stock.