The market has been high on Harmonic Inc (HLIT) stock recently. HLIT 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.
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 HLIT Stock Today?
Harmonic Inc (HLIT) stock is trading at $8.57 as of 1:27 PM on Tuesday, Apr 13, an increase of $0.49, or 6.06% from the previous closing price of $8.08. The stock has traded between $8.04 and $8.82 so far today. Volume today is more active than usual. So far 2,497,092 shares have traded compared to average volume of 588,106 shares.
To see InvestorsObserver's Sentiment Score for Harmonic Inc click here.
More About Harmonic Inc
Harmonic Inc designs and manufactures video infrastructure products and system solutions to deliver video and broadband services to consumer devices. The firm operates in two segments: Video, which sells video processing, production, and playout solutions to cable operators and satellite and telecommunications providers; and Cable Access, which sells cable edge solutions to cable operators. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, and Africa, as well as the Asia Pacific region.
Click Here to get the full Stock Score Report on Harmonic Inc (HLIT) Stock.
