What is the Market's View on Cognex Corporation (CGNX) Stock's Price and Volume Trends Thursday?

Overall market sentiment has been down on Cognex Corporation (CGNX) stock lately. CGNX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Cognex Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CGNX!

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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. 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 CGNX Stock Today?

Cognex Corporation (CGNX) stock is up 1.29% while the S&P 500 has fallen -0.04% as of 11:40 AM on Thursday, May 19. CGNX is higher by $0.62 from the previous closing price of $47.50 on volume of 524,051 shares. Over the past year the S&P 500 is lower by -4.98% while CGNX has fallen -34.50%. CGNX earned $1.55 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 31.05.

More About Cognex Corporation

Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe. Click Here to get the full Stock Report for Cognex Corporation stock.