Despegar.com Corp (DESP) Stock: What Does the Chart Say Monday?

Monday, December 06, 2021 10:46 AM | InvestorsObserver Analysts

Mentioned in this article

The market has been down on Despegar.com Corp (DESP) stock recently. DESP gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Despegar.com Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DESP!
See Full DESP Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 DESP Stock Today?

Despegar.com Corp (DESP) stock is trading at $8.71 as of 10:44 AM on Monday, Dec 6, an increase of $0.34, or 4.06% from the previous closing price of $8.37. The stock has traded between $8.20 and $8.77 so far today. Volume today is less active than usual. So far 61,330 shares have traded compared to average volume of 706,228 shares.

More About Despegar.com Corp

Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels, and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through its marketplace. The company provides a technology platform for managing the distribution of products and access to users to the network of travel suppliers. It operates through two segments: Air, which consists of the sale of airline tickets; and Packages, Hotels, and Other Travel Products, which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services. Its geographical segments are Argentina, Brazil, Uruguay, Mexico, and other countries. Click Here to get the full Stock Report for Despegar.com Corp stock.

Share this article:

Related Articles