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Should You Buy Fortive Corp (FTV) Stock on Friday?

Friday, September 16, 2022 11:49 AM | InvestorsObserver Analysts
Should You Buy Fortive Corp (FTV) Stock on Friday?

The market has been down on Fortive Corp (FTV) stock recently. FTV gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Fortive Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FTV!

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With FTV Stock Today?

Fortive Corp (FTV) stock is trading at $62.48 as of 11:39 AM on Friday, Sep 16, a drop of -$1.82, or -2.83% from the previous closing price of $64.30. The stock has traded between $62.48 and $63.75 so far today. Volume today is less active than usual. So far 883,384 shares have traded compared to average volume of 1,566,999 shares. To screen for more stocks like Fortive Corp click here.

More About Fortive Corp

Fortive Corp is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021. Click Here to get the full Stock Report for Fortive Corp stock.

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