The market has been high on Adient PLC (ADNT) stock recently. ADNT gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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 indicator 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 ADNT Stock Today?
Adient PLC (ADNT) stock is up 4.54% while the S&P 500 has fallen -1.63% as of 11:00 AM on Friday, Oct 23. ADNT has gained $1.07 from the previous closing price of $23.58 on volume of 584,820 shares. Over the past year the S&P 500 is higher by 14.06% while ADNT has gained 7.69%. ADNT lost -$5.49 per share in the over the last 12 months.
More About Adient PLC
Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market as well as a dominant share in China of about 45%. Operations in China are accounted for under the equity method so revenue there is unconsolidated. Unconsolidated seating and interiors revenue from joint ventures totaled $15.6 billion in fiscal 2019. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2019 consolidated revenue, excluding joint venture sales, was $16.5 billion.