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.
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 RIDE Stock Today?
Lordstown Motors Corp (RIDE) stock is trading at $3.07 as of 2:53 PM on Friday, Jan 14, a decline of -$0.02, or -0.63% from the previous closing price of $3.09. The stock has traded between $2.99 and $3.11 so far today. Volume today is below average. So far 3,126,205 shares have traded compared to average volume of 6,260,498 shares.
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More About Lordstown Motors Corp
Lordstown Motors Corp is an automotive company founded for the purpose of developing and manufacturing light duty electric trucks targeted for sale to fleet customers. The company has been developing its flagship vehicle, the Endurance, an electric full-size pickup truck.
Click Here to get the full Stock Report for Lordstown Motors Corp stock.
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