NN, Inc. (NNBR) Stock: What Does the Chart Say?

Wednesday, October 7, 2020 11:54 AM | InvestorsObserver Analysts

NN, Inc. (NNBR) stock has gained 24.42% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
NN, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NNBR!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NNBR Stock Today?

NN, Inc. (NNBR) stock has risen 10.22% while the S&P 500 is down -1.06% as of 11:53 AM on Wednesday, Oct 7. NNBR has risen $0.59 from the previous closing price of $5.82 on volume of 176,957 shares. Over the past year the S&P 500 has gained 14.76% while NNBR is down -2.73%. NNBR lost -$7.08 per share in the over the last 12 months.

To screen for more stocks like NN, Inc. click here.

More About NN, Inc.

NN Inc diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions, and components. It operates in three business segments: mobile solutions, power solutions, and life sciences. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. Life sciences segment involves growth in the medical end market. The majority of its revenue is generated from life sciences segment in the United States region. It also operates in China, Mexico, Brazil, Germany, and other countries.

Click Here to get the full Stock Score Report on NN, Inc. (NNBR) Stock.

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