Should You Buy Cognex Corporation (CGNX) Stock on Friday?

Overall market sentiment has been down on Cognex Corporation (CGNX) stock lately. CGNX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Cognex Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CGNX!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CGNX Stock Today?

Cognex Corporation (CGNX) stock is trading at $79.73 as of 12:46 PM on Friday, Nov 19, a rise of $0.40, or 0.5% from the previous closing price of $79.33. The stock has traded between $78.94 and $79.86 so far today. Volume today is low. So far 324,411 shares have traded compared to average volume of 675,612 shares.

More About Cognex Corporation

Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe. Click Here to get the full Stock Report for Cognex Corporation stock.