STMicroelectronics NV (STM) stock has gained 5.24% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
STMicroelectronics NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on STM!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With STM Stock Today?
STMicroelectronics NV (STM) stock has gained 2.6% while the S&P 500 is lower by -0.18% as of 2:29 PM on Wednesday, Oct 5. STM is higher by $0.88 from the previous closing price of $34.08 on volume of 2,361,730 shares. Over the past year the S&P 500 is lower by -12.01% while STM is lower by -16.44%. STM earned $3.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.54.
More About STMicroelectronics NV
A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicro is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. STMicro is an especially prominent chip supplier into the industrial and automotive industries.
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