Where Will REE Automotive Ltd (REE) Stock Go Next After It Is Lower By 12.04% in a Week?

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

REE Automotive Ltd has a Bearish 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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With REE Stock Today?

REE Automotive Ltd (REE) stock has gained 18.81% while the S&P 500 is down -1.1% as of 1:09 PM on Thursday, Oct 26. REE has gained $0.45 from the previous closing price of $2.40 on volume of 100,257 shares. Over the past year the S&P 500 is up 7.30% while REE is down -84.82%. REE lost -$11.64 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for 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.