Should You Buy Spotify Technology SA (SPOT) Stock After it Is Down 13.10% in a Week?

The market has been down on Spotify Technology SA (SPOT) stock recently. SPOT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Spotify Technology SA has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SPOT!

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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. 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 SPOT Stock Today?

Spotify Technology SA (SPOT) stock is trading at $196.79 as of 10:58 AM on Friday, Jan 21, a decline of -$11.93, or -5.72% from the previous closing price of $208.72. The stock has traded between $194.72 and $205.72 so far today. Volume today is 1,041,806 compared to average volume of 1,273,442. To screen for more stocks like Spotify Technology SA click here.

More About Spotify Technology SA

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners. The firm monetizes its users through both a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 90% and 10% of Spotify's 2017 total revenue, respectively. Click Here to get the full Stock Report for Spotify Technology SA stock.