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Should You Buy Lamb Weston Holdings Inc (LW) Stock on Friday?

Friday, December 01, 2023 03:49 PM | InvestorsObserver Analysts

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Should You Buy Lamb Weston Holdings Inc (LW) Stock on Friday?

The market has been high on Lamb Weston Holdings Inc (LW) stock recently. LW gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Lamb Weston Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LW!

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 LW Stock Today?

Lamb Weston Holdings Inc (LW) stock is trading at $100.95 as of 3:45 PM on Friday, Dec 1, a rise of $0.90, or 0.9% from the previous closing price of $100.05. The stock has traded between $99.50 and $100.95 so far today. Volume today is low. So far 1,014,021 shares have traded compared to average volume of 1,790,042 shares.

More About Lamb Weston Holdings Inc

Lamb Weston is the world's second-largest producer of branded and private-label frozen potato products, such as French fries, sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. The company also has a small appetizer business that produces onion rings, mozzarella sticks, and cheese curds. Including joint ventures, 52% of fiscal 2021 revenue was U.S.-based, with the remainder stemming from Europe, Canada, Japan, China, Korea, Mexico, and several other countries. we estimate Lamb Weston's customer mix is 58% quick-serve restaurants, 19% full-service restaurants, 8% other food service (hotels, commercial cafeterias, arenas, schools), and 16% retail. Lamb Weston became an independent company in 2016 when it was spun off from Conagra. Click Here to get the full Stock Report for Lamb Weston Holdings Inc stock.

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