Switchback Energy Acquisition Ord Shs Class A (SBE) stock is higher by 17.16% over the past week and gets a Bullish rating from InvestorsObserver's 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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SBE Stock Today?
Switchback Energy Acquisition Ord Shs Class A (SBE) stock is trading at $19.87 as of 12:35 PM on Tuesday, Nov 17, a rise of $1.67, or 9.18% from the previous closing price of $18.20. The stock has traded between $17.99 and $20.99 so far today. Volume today is more active than usual. So far 3,893,310 shares have traded compared to average volume of 2,356,096 shares.
To see the top 5 stocks in the Shell Companies industry click here.
More About Switchback Energy Acquisition Ord Shs Class A
Switchback Energy Acquisition Corp is a shell company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business.
