A. O. Smith Corp (AOS) stock is down 3.57% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 AOS Stock Today?
A. O. Smith Corp (AOS) stock is trading at $49.37 as of 11:42 AM on Thursday, Jul 30, a loss of -$3.69, or -6.95% from the previous closing price of $53.06. The stock has traded between $48.40 and $52.28 so far today. Volume today is elevated. So far 1,654,625 shares have traded compared to average volume of 1,037,665 shares.
To see the top 5 stocks in the Specialty Industrial Machinery industry click here.
More About A. O. Smith Corp
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and Rest of World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of World segment sells primarily to Asian countries, and operates sales offices to expand distribution and market its product portfolio.
