Should You Buy Leggett & Platt Inc (LEG) Stock on Friday?

The market has been down on Leggett & Platt Inc (LEG) stock recently. LEG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Leggett & Platt Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LEG!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LEG Stock Today?

Leggett & Platt Inc (LEG) stock is trading at $22.95 as of 3:41 PM on Friday, Nov 10, a gain of $0.08, or 0.33% from the previous closing price of $22.88. Volume today is high. So far 2,022,131 shares have traded compared to average volume of 1,217,830 shares. The stock has traded between $22.65 and $23.14 so far today. To see InvestorsObserver's Sentiment Score for Leggett & Platt Inc click here.

More About Leggett & Platt Inc

Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products. Click Here to get the full Stock Report for Leggett & Platt Inc stock.