Should You Buy Tusimple Holdings Inc (TSP) Stock on Friday?

Friday, January 19, 2024 01:52 PM | InvestorsObserver Analysts

Mentioned in this article

Should You Buy Tusimple Holdings Inc (TSP) Stock on Friday?

Tusimple Holdings Inc (TSP) stock is down 37.18% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Tusimple Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TSP!

See Full TSP Report

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TSP Stock Today?

Tusimple Holdings Inc (TSP) stock is unmoved -1.02% while the S&P 500 has gained 0.99% as of 1:52 PM on Friday, Jan 19. TSP is flat $0.00 from the previous closing price of $0.49 on volume of 4,247,569 shares. Over the past year the S&P 500 is higher by 22.89% while TSP is down -76.21%. TSP lost -$1.58 per share in the over the last 12 months.

More About Tusimple Holdings Inc

TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue primarily from providing freight capacity services. Click Here to get the full Stock Report for Tusimple Holdings Inc stock.