Overall market sentiment has been high on Veoneer Inc (VNE) stock lately. VNE receives a Bullish 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.
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 VNE Stock Today?
Veoneer Inc (VNE) stock is down -13.17% while the S&P 500 has risen 0.07% as of 1:22 PM on Wednesday, Apr 28. VNE is lower by -$3.51 from the previous closing price of $26.65 on volume of 1,778,825 shares. Over the past year the S&P 500 has risen 45.55% while VNE has risen 133.74%. VNE lost -$4.89 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Veoneer Inc click here.
More About Veoneer Inc
Veoneer designs, develops, and makes safety electronics for the global automotive industry. Passive safety products include sensors, electronic control units, and software used to prepare seat belt pretensioners, and to deploy airbags in a collision. Active safety products include sensors, electronic control units, and software that enable advanced driver assistance systems, or ADAS, highly automated driving, or HAD, and autonomous driving, or AD. Roughly one-third of revenue comes from each of Europe, the Americas, and Asia. Daimler, Hyundai/Kia, Ford, Honda, and General Motors are the company's five largest customers, accounting for 61% of 2020 revenue.
Click Here to get the full Stock Score Report on Veoneer Inc (VNE) Stock.
