Illinois Tool Works Inc. (ITW) stock is lower by 1.58% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Illinois Tool Works Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ITW!
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.
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 ITW Stock Today?
Illinois Tool Works Inc. (ITW) stock is trading at $229.81 as of 3:48 PM on Friday, Sep 29, a drop of -$2.24, or -0.97% from the previous closing price of $232.05. The stock has traded between $228.75 and $234.44 so far today. Volume today is less active than usual. So far 379,771 shares have traded compared to average volume of 896,796 shares.
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More About Illinois Tool Works Inc.
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
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