Overall market sentiment has been high on Martin Marietta Materials, Inc. (MLM) stock lately. MLM receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 MLM Stock Today?
Martin Marietta Materials, Inc. (MLM) stock is lower by -0.75% while the S&P 500 is higher by 0.43% as of 1:31 PM on Wednesday, Jun 17. MLM has fallen -$1.61 from the previous closing price of $214.13 on volume of 208,614 shares. Over the past year the S&P 500 has gained 8.60% while MLM has fallen -5.31%. MLM earned $9.48 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.41.
To see the top 5 stocks in the Building Materials industry click here.
More About Martin Marietta Materials, Inc.
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2019, Martin Marietta sold 191 million tons of aggregates. Martin Marietta's most important markets include Colorado, Florida, Georgia, Indiana, Iowa, Maryland, Nebraska, North Carolina, South Carolina, and Texas, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's specialty product business produces magnesia-based chemical products and dolomitic lime.
