Spirit AeroSystems Holdings, Inc. (SPR) Stock: What Does the Chart Say Monday?

The market has been down on Spirit AeroSystems Holdings, Inc. (SPR) stock recently. SPR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Spirit AeroSystems Holdings, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SPR!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SPR Stock Today?

Spirit AeroSystems Holdings, Inc. (SPR) stock is trading at $24.81 as of 10:40 AM on Monday, Nov 21, a loss of -$0.43, or -1.7% from the previous closing price of $25.24. The stock has traded between $24.72 and $25.42 so far today. Volume today is below average. So far 137,838 shares have traded compared to average volume of 2,760,395 shares.

More About Spirit AeroSystems Holdings, Inc.

Spirit AeroSystems designs and manufactures aerostructures, particularly fuselages, for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures. Boeing and Airbus are the firms and its primary customers, Boeing composes roughly 80% of annual revenue and Airbus composes roughly 15% of revenue. The company is highly exposed to Boeing's 737 program, which generally accounts for about half of the company's revenue. Click Here to get the full Stock Report for Spirit AeroSystems Holdings, Inc. stock.