Overall market sentiment has been high on Applied Materials, Inc. (AMAT) stock lately. AMAT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Applied Materials, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMAT!
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 AMAT Stock Today?
Applied Materials, Inc. (AMAT) stock is trading at $118.61 as of 11:59 AM on Friday, May 27, a gain of $3.54, or 3.08% from the previous closing price of $115.07. The stock has traded between $116.40 and $119.03 so far today. Volume today is light. So far 3,381,329 shares have traded compared to average volume of 8,213,638 shares.
To screen for more stocks like Applied Materials, Inc. click here.
More About Applied Materials, Inc.
Applied Materials is the world's largest supplier of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world. The firm's systems are used in nearly every major process step with the exception of lithography. Key tools include those for chemical and physical vapor deposition, etching, chemical mechanical polishing, wafer- and reticle-inspection, critical dimension measurement, and defect-inspection scanning electron microscopes.
Click Here to get the full Stock Report for Applied Materials, Inc. stock.