Should You Buy Adient PLC (ADNT) Stock on Wednesday?

Overall market sentiment has been high on Adient PLC (ADNT) stock lately. ADNT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Adient PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ADNT!

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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 ADNT Stock Today?

Adient PLC (ADNT) stock is trading at $37.46 as of 2:51 PM on Wednesday, Aug 17, a drop of -$1.23, or -3.17% from the previous closing price of $38.69. The stock has traded between $36.21 and $37.60 so far today. Volume today is 769,724 compared to average volume of 909,968. To see InvestorsObserver's Sentiment Score for Adient PLC click here.

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. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated seating revenue from joint ventures after factoring in the sale was around $4.5 billion in fiscal 2021 and guidance for consolidated China revenue after the deal (before new China COVID-19 lockdowns in Spring 2022) was slightly over $1 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2021 consolidated revenue, excluding joint venture sales, was $13.7 billion. Click Here to get the full Stock Report for Adient PLC stock.