The market has been high on Magnachip Semiconductor Corp (MX) stock recently. MX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Magnachip Semiconductor Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MX!
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 MX Stock Today?
Magnachip Semiconductor Corp (MX) stock is trading at $17.98 as of 9:41 AM on Wednesday, Apr 27, a gain of $0.49, or 2.8% from the previous closing price of $17.49. The stock has traded between $17.55 and $18.01 so far today. Volume today is below average. So far 15,258 shares have traded compared to average volume of 504,526 shares.
To screen for more stocks like Magnachip Semiconductor Corp click here.
More About Magnachip Semiconductor Corp
MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business. It generates maximum revenue from the Standard products business segment. Geographically, it derives a majority of revenue from the Asia Pacific.
Click Here to get the full Stock Report for Magnachip Semiconductor Corp stock.
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