JinkoSolar Holding Co., Ltd (JKS) stock has risen 18.42% 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.
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 JKS Stock Today?
JinkoSolar Holding Co., Ltd (JKS) stock is trading at $45.46 as of 11:41 AM on Monday, Jun 14, a loss of -$0.78, or -1.69% from the previous closing price of $46.24. The stock has traded between $43.91 and $46.78 so far today. Volume today is less active than usual. So far 1,091,388 shares have traded compared to average volume of 1,628,601 shares.
More About JinkoSolar Holding Co., Ltd
JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Swan, Tiger, Cheetah, and others. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.