The market has been high on Sony Corp (SNE) stock recently. SNE gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 SNE Stock Today?
Sony Corp (SNE) stock has risen 2.29% while the S&P 500 has fallen -0.84% as of 9:53 AM on Friday, Sep 18. SNE is up $1.78 from the previous closing price of $77.61 on volume of 195,848 shares. Over the past year the S&P 500 has risen 11.65% while SNE is up 34.31%. SNE earned $5.05 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.73.
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More About Sony Corp
Sony Corp is a conglomerate with consumer electronics roots and various well-known brand names, such as Walkman in portable audio players, Vaio in PCs, Xperia in smartphones, Cybershot and Alpha in digital cameras, and PlayStation in video game consoles. It currently has seven main business segments, operating electronic appliances, games, devices and semiconductors, entertainment content, and financial services.
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