Snap Inc (SNAP) stock is up 6.57% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 SNAP Stock Today?
Snap Inc (SNAP) stock is higher by 3.23% while the S&P 500 has fallen -0.46% as of 1:30 PM on Monday, Oct 19. SNAP has gained $0.90 from the previous closing price of $27.83 on volume of 19,399,458 shares. Over the past year the S&P 500 is up 15.34% while SNAP has gained 97.05%. SNAP lost -$0.77 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Snap Inc click here.
More About Snap Inc
Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.
Click Here to get the full Stock Score Report on Snap Inc (SNAP) Stock.