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Armstrong Flooring Inc (AFI) Stock: What Does the Chart Say Thursday?

Thursday, May 19, 2022 10:57 AM | InvestorsObserver Analysts
Armstrong Flooring Inc (AFI) Stock: What Does the Chart Say Thursday?

Armstrong Flooring Inc (AFI) stock has fallen 12.50% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Armstrong Flooring Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AFI!

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For 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.

What's Happening With AFI Stock Today?

Armstrong Flooring Inc (AFI) stock is trading at $0.35 as of 10:56 AM on Thursday, May 19, a drop of -$0.08, or -19.28% from the previous closing price of $0.43. The stock has traded between $0.35 and $0.41 so far today. Volume today is less active than usual. So far 2,758,571 shares have traded compared to average volume of 8,975,700 shares. To see InvestorsObserver's Sentiment Score for Armstrong Flooring Inc click here.

More About Armstrong Flooring Inc

Armstrong Flooring Inc designs, manufactures, sources, and sells resilient and wood flooring products, which are primarily used for construction and renovation of residential, commercial, and institutional buildings. It operates through two segments namely Resilient Flooring and Wood Flooring. The Resilient Flooring provides a range of floor coverings for homes and commercial buildings under the Armstrong brand and the Wood Flooring segment provides hardwood flooring products under the Armstrong and Bruce brand names. Geographically, the group operates its business in the United States and also has its presence internationally, of which a majority of the revenue is derived from the United States. Click Here to get the full Stock Report for Armstrong Flooring Inc stock.

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