Overall market sentiment has been high on Livent Corp (LTHM) stock lately. LTHM receives a Bullish rating 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.
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 LTHM Stock Today?
Livent Corp (LTHM) stock is trading at $16.12 as of 11:32 AM on Thursday, Apr 15, a drop of -$1.24, or -7.14% from the previous closing price of $17.36. The stock has traded between $16.01 and $17.56 so far today. Volume today is below average. So far 708,041 shares have traded compared to average volume of 2,598,337 shares.
To see InvestorsObserver's Sentiment Score for Livent Corp click here.
More About Livent Corp
Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 25% stake in a fully integrated Canadian lithium project.
Click Here to get the full Stock Score Report on Livent Corp (LTHM) Stock.
