Overall market sentiment has been down on Martin Marietta Materials, Inc. (MLM) stock lately. MLM receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 MLM Stock Today?
Martin Marietta Materials, Inc. (MLM) stock has gained 0.36% while the S&P 500 has fallen -0.44% as of 9:53 AM on Friday, Dec 11. MLM has gained $0.97 from the previous closing price of $266.83 on volume of 23,320 shares. Over the past year the S&P 500 has risen 16.25% while MLM has fallen -1.63%. MLM earned $10.72 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.98.
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More About Martin Marietta Materials, Inc.
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2019, Martin Marietta sold 191 million tons of aggregates. Martin Marietta's most important markets include Colorado, Florida, Georgia, Indiana, Iowa, Maryland, Nebraska, North Carolina, South Carolina, and Texas, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's specialty product business produces magnesia-based chemical products and dolomitic lime.
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