#Is spotify stock down full#

At this year’s low, the stock was down 77%. Shares of Spotify are down about 75% from their all-time highs. Lastly, it hasn’t been an easy stretch for the company. While SPOT stock is roughly flat on Wednesday, shares were down almost 2% earlier in the day and hit their lowest level since July. Shares of Spotify fell 2.5% on Tuesday and lost roughly 6.5% over a three-day losing streak. While Spotify Audiobooks is a clear positive for book-listeners and current customers, it’s not having much of an impact on SPOT stock. What Does Spotify Audiobooks Mean for SPOT Stock? We’ve always believed that the potential for audio is limitless, and we’ve been saying for a while now that our ambition is to be the complete package for everyone’s listening needs. Nir Zicherman, Vice President and Global Head of Audiobooks and Gated Content at Spotify, says: Spotify’s goal is to provide all your listening needs in one place, further ratcheting up its competition with Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL) and others. The audiobook market is growing 20% year over year and it represents a 6% to 7% share of the wider book market. Given what it already does with streaming audio and podcasts, Spotify Audiobooks was a natural segue for the company. 20 and it’s got investors’ - and readers’ - attention.ĭubbed “a new chapter for listening” by the company, Spotify is hoping that audiobooks will act as another growth avenue for the business. Spotify Audiobooks launched on Tuesday, Sept. Currently, the company is mostly known for music and podcasts, but it will now offer over 300,000 audiobook titles.

#Is spotify stock down full#

Revenue from premium and ad-supported services represented 90% and 10% of Spotify's 2017 total revenue, respectively.Ĭlick Here to get the full Stock Report for Spotify Technology SA stock.Spotify (NYSE: SPOT) is breaking into the audiobook business. The firm monetizes its users through both a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners. To see InvestorsObserver's Sentiment Score for Spotify Technology SA click here. So far 458,623 shares have traded compared to average volume of 2,982,382 shares.

The stock has traded between $120.81 and $125.93 so far today. Spotify Technology SA (SPOT) stock is trading at $124.29 as of 11:06 AM on Tuesday, Mar 15, an increase of $4.82, or 4.03% from the previous closing price of $119.47. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.įor stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. At the core, sentiment is pretty easy to understand. There are lots of ways to measure sentiment. Sentiment is how investors, or the market, feels about a stock. There is no information about the health of profitability of the underlying company in our sentiment score.Īs 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. Sentiment is a very short-term indicator that is entirely technical. See Full SPOT Report What is Stock Sentiment?