Allison Transmission Holdings Inc (ALSN) stock is higher by 2.66% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 ALSN Stock Today?
Allison Transmission Holdings Inc (ALSN) stock has gained 1.75% while the S&P 500 is lower by -0.03% as of 11:45 AM on Wednesday, Apr 7. ALSN has gained $0.73 from the previous closing price of $41.75 on volume of 607,715 shares. Over the past year the S&P 500 is higher by 52.89% while ALSN has gained 27.34%. ALSN earned $2.62 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.22.
More About Allison Transmission Holdings Inc
Allison Transmission Holdings is the world's largest manufacturer of fully automatic transmissions for commercial vehicles, which serve as fuel-saving alternatives to less expensive manual and automated manual transmissions. It supplies its products to several end markets, including on- and off-highway equipment and military vehicles. For its on-highway business, where Allison maintains 60% of the global market share, Allison transmissions are incorporated into class 4 through 8 trucks, buses, and a limited number of large consumer vehicles, such as heavy-duty pickup trucks and motorhomes. Allison has been a leader in commercial hybrid propulsion systems and has more recently made inroads into fully electric powertrains with the acquisitions of Vantage Power and AxleTech in 2019.