Xylem Inc (XYL) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been high on Xylem Inc (XYL) stock lately. XYL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Xylem Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XYL!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 XYL Stock Today?

Xylem Inc (XYL) stock has risen 1.16% while the S&P 500 is down -0.02% as of 2:59 PM on Thursday, Nov 16. XYL is higher by $1.16 from the previous closing price of $100.20 on volume of 762,557 shares. Over the past year the S&P 500 is higher by 12.78% while XYL is down -9.60%. XYL earned $2.44 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 41.53. To screen for more stocks like Xylem Inc click here.

More About Xylem Inc

Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors. Xylem was spun off from ITT in 2011. Based in Rye Brook, New York, Xylem has a presence in over 150 countries and employs 16,200. The company generated $6.2 billion in revenue and $611 million in adjusted operating income in 2021. Click Here to get the full Stock Report for Xylem Inc stock.