The market has been high on United Parcel Service, Inc. (UPS) stock recently. UPS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With UPS Stock Today?
United Parcel Service, Inc. (UPS) stock is trading at $160.05 as of 10:41 AM on Monday, Aug 10, a rise of $3.17, or 2.02% from the previous closing price of $156.88. The stock has traded between $157.00 and $160.23 so far today. Volume today is low. So far 1,696,836 shares have traded compared to average volume of 4,804,490 shares.
To see InvestorsObserver's Sentiment Score for United Parcel Service, Inc. click here.
More About United Parcel Service, Inc.
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate 61% of total revenue while international package makes up 20%. Less-than-truckload shipping, air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remaining 19%.