Media headlines about Luxottica Group SpA (NYSE:LUX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Luxottica Group SpA earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.0058326104345 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Plano Sunglasses Market Trends 2017 show a CAGR of 7% to 2024 (digitaljournal.com)
- European Shares Mostly Lower In Cautious Trade (rttnews.com)
- Global Sales of Eyewear Market to Reflect 5.8% CAGR in North America End of 2026 (sbwire.com)
- Global Eyewear Market Value to Increase to US$ 166,509.5 Mn by 2026-end (mynewsdesk.com)
- Exclusive: EU regulators have concerns over Luxottica-Essilor merger – source (finance.yahoo.com)
Separately, Morgan Stanley raised Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Luxottica Group SpA presently has a consensus rating of “Hold” and a consensus price target of $49.00.
Shares of Luxottica Group SpA (LUX) traded up 0.41% during midday trading on Thursday, hitting $60.90. The stock had a trading volume of 349,483 shares. The company’s 50-day moving average price is $57.61 and its 200-day moving average price is $57.51. Luxottica Group SpA has a 12-month low of $44.85 and a 12-month high of $62.57.
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Luxottica Group SpA Company Profile
Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.
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