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Market Reactions to JinkoSolar Holding Co., Ltd (JKS) Stock Getting a Bearish Rating

Wednesday, May 13, 2020 01:48 PM | InvestorsObserver Analysts

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Market Reactions to JinkoSolar Holding Co., Ltd (JKS) Stock Getting a Bearish Rating

JinkoSolar Holding Co., Ltd (JKS) stock is down 7.75% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish

JinkoSolar Holding Co., Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on JKS!

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.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With JKS Stock Today?

JinkoSolar Holding Co., Ltd (JKS) stock is trading at $14.41 as of 1:45 PM on Wednesday, May 13, a decline of -$0.72, or -4.76% from the previous closing price of $15.13. The stock has traded between $14.25 and $15.30 so far today. Volume today is low. So far 583,014 shares have traded compared to average volume of 851,139 shares.

To see InvestorsObserver's Sentiment Score for JinkoSolar Holding Co., Ltd click here.

More About JinkoSolar Holding Co., Ltd

JinkoSolar Holding Co Ltd is engaged in the PV industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under JinkoSolar brand. The company's product includes Swan, Tiger, Cheetah, and others. Geographically, the firm generates a majority of its revenue from North America.

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