The market has been high on Lithium Americas Corp (LAC) stock recently. LAC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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 LAC Stock Today?
Lithium Americas Corp (LAC) stock is trading at $8.68 as of 9:51 AM on Tuesday, Sep 15, a rise of $0.53, or 6.5% from the previous closing price of $8.15. The stock has traded between $8.29 and $9.18 so far today. Volume today is low. So far 490,050 shares have traded compared to average volume of 1,469,556 shares.
More About Lithium Americas Corp
Lithium Americas Corp is a Canadian resource company. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in Nevada.