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Is XL Fleet Corp (XL) a Stock to Watch After Losing -8.40% This Week?

Wednesday, August 24, 2022 02:57 PM | InvestorsObserver Analysts

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Is XL Fleet Corp (XL) a Stock to Watch After Losing -8.40% This Week?

XL Fleet Corp (XL) stock is down 8.40% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
XL Fleet Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on XL!

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 XL Stock Today?

XL Fleet Corp (XL) stock is trading at $1.20 as of 2:50 PM on Wednesday, Aug 24, a gain of $0.03, or 2.14% from the previous closing price of $1.17. The stock has traded between $1.19 and $1.25 so far today. Volume today is below average. So far 594,130 shares have traded compared to average volume of 1,043,315 shares. To see InvestorsObserver's Sentiment Score for 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.

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