Overall market sentiment has been high on Northrop Grumman Corporation (NOC) stock lately. NOC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Northrop Grumman Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NOC!
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 NOC Stock Today?
Northrop Grumman Corporation (NOC) stock is lower by -0.2% while the S&P 500 is higher by 2.09% as of 2:07 PM on Tuesday, Dec 7. NOC has fallen -$0.74 from the previous closing price of $364.20 on volume of 475,446 shares. Over the past year the S&P 500 is up 26.97% while NOC is higher by 20.75%. NOC earned $28.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.78.
More About Northrop Grumman Corporation
Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm's segments include aeronautics, mission systems, defense services, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a mix between a long-range missile manufacturer and a defense IT service provider. Finally, the company's space systems segment produces various space structures, sensors, and satellites.
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