What is the Market's View on REE Automotive Ltd (REE) Stock's Price and Volume Trends Tuesday?

Overall market sentiment has been high on REE Automotive Ltd (REE) stock lately. REE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

REE Automotive Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on REE!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With REE Stock Today?

REE Automotive Ltd (REE) stock is up 8.11% while the S&P 500 has fallen -0.14% as of 10:06 AM on Tuesday, Nov 28. REE has gained $0.45 from the previous closing price of $5.55 on volume of 12,430 shares. Over the past year the S&P 500 has gained 14.64% while REE has fallen -61.98%. REE lost -$11.64 per share in the over the last 12 months. To screen for more stocks like REE Automotive Ltd click here.

More About REE Automotive Ltd

REE Automotive Ltd. operates as an automotive technology company in Israel, the United Kingdom, the United States, Germany, and internationally. The company offers REEcorner integrates vehicle components comprising as steering, braking, suspension, powertrain, and control into single compact module between the chassis and the wheel, which is controlled by its electronic unit functions, which includes drive-by-wire, steer-by-wire, break-by-wire, DaaS, smart corners, and design for serviceability; and REEplatform, a modular electric vehicle platform. It provides P7 EV Modular Platform designed for commercial delivery vehicles and walk-in vans; and Proxima Powered by REE, a class 5 fully drive-by-wire walk-in step van, which comprises EAVX and Morgan Olson body paired with REE's fully-flat modular P7 chassis and x-by-wire technology, which includes improved aerodynamics, enhanced driver ergonomics, driver visibility and safety, and enhanced maneuverability. Further, the company provides P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with REE's all-wheel drive and all-wheel steer for vehicle control, handling, and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, MaaS providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel. Click Here to get the full Stock Report for REE Automotive Ltd stock.