Should You Buy Martin Marietta Materials, Inc. (MLM) Stock on Wednesday?

Martin Marietta Materials, Inc. (MLM) stock has gained 5.68% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Martin Marietta Materials, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MLM!

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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. 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 MLM Stock Today?

Martin Marietta Materials, Inc. (MLM) stock is trading at $387.01 as of 11:41 AM on Wednesday, Aug 11, an increase of $8.89, or 2.35% from the previous closing price of $378.13. The stock has traded between $378.98 and $389.16 so far today. Volume today is light. So far 200,417 shares have traded compared to average volume of 340,207 shares. To see InvestorsObserver's Sentiment Score for Martin Marietta Materials, Inc. click here.

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 2020, Martin Marietta sold 187 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, 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 magnesia specialties business produces magnesia-based chemical products and dolomitic lime. Click Here to get the full Stock Report for Martin Marietta Materials, Inc. stock.