Where Will Fortive Corp (FTV) Stock Go Next After It Has Gained 3.89% in a Week?

Overall market sentiment has been high on Fortive Corp (FTV) stock lately. FTV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Fortive Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FTV!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 FTV Stock Today?

Fortive Corp (FTV) stock has fallen -0.35% while the S&P 500 has risen 0.91% as of 3:26 PM on Monday, Nov 20. FTV is lower by -$0.24 from the previous closing price of $68.10 on volume of 721,692 shares. Over the past year the S&P 500 has risen 15.33% while FTV has risen 0.97%. FTV earned $2.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.2. To screen for more stocks like Fortive Corp click here.

More About Fortive Corp

Fortive Corp is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021. Click Here to get the full Stock Report for Fortive Corp stock.