The market has been high on AMETEK, Inc. (AME) stock recently. AME gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
AMETEK, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AME!
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.
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 AME Stock Today?
AMETEK, Inc. (AME) stock is trading at $130.18 as of 3:40 PM on Tuesday, Aug 16, an increase of $0.62, or 0.48% from the previous closing price of $129.56. The stock has traded between $128.74 and $130.85 so far today. Volume today is low. So far 417,062 shares have traded compared to average volume of 970,985 shares.
To screen for more stocks like AMETEK, Inc. click here.
More About AMETEK, Inc.
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
Click Here to get the full Stock Report for AMETEK, Inc. stock.