Is Tusimple Holdings Inc (TSP) Stock About to Get Hot Friday?

Friday, October 13, 2023 01:36 PM | InvestorsObserver Analysts

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Is Tusimple Holdings Inc (TSP) Stock About to Get Hot Friday?

The market has been down on Tusimple Holdings Inc (TSP) stock recently. TSP gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Tusimple Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TSP!

See Full TSP 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. 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 TSP Stock Today?

Tusimple Holdings Inc (TSP) stock is trading at $1.07 as of 1:35 PM on Friday, Oct 13, a drop of -$0.10, or -8.97% from the previous closing price of $1.17. The stock has traded between $1.05 and $1.18 so far today. Volume today is low. So far 785,783 shares have traded compared to average volume of 1,195,432 shares. To screen for more stocks like Tusimple Holdings Inc click here.

More About Tusimple Holdings Inc

TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue primarily from providing freight capacity services. Click Here to get the full Stock Report for Tusimple Holdings Inc stock.