Overall market sentiment has been high on AutoZone, Inc. (AZO) stock lately. AZO receives a Bullish rating 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 AZO Stock Today?
AutoZone, Inc. (AZO) stock is trading at $1,208.92 as of 10:26 AM on Monday, Aug 3, an increase of $1.50, or 0.12% from the previous closing price of $1,207.42. Volume today is light. So far 30,726 shares have traded compared to average volume of 195,528 shares. The stock has traded between $1,203.69 and $1,217.25 so far today.
To see the top 5 stocks in the Specialty Retail industry click here.
More About AutoZone, Inc.
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2019, and has a growing presence in Mexico and Brazil. AutoZone had 6,411 stores in the U.S. (5,772), Mexico (604), and Brazil (35) as of the end of fiscal 2019.
