The market has been high on Clear Channel Outdoor Holdings Inc (CCO) stock recently. CCO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Clear Channel Outdoor Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CCO!
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CCO Stock Today?
Clear Channel Outdoor Holdings Inc (CCO) stock is trading at $1.45 as of 2:33 PM on Thursday, Nov 30, an increase of $0.04, or 2.76% from the previous closing price of $1.42. The stock has traded between $1.40 and $1.46 so far today. Volume today is above average. So far 6,918,666 shares have traded compared to average volume of 3,923,021 shares.
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More About Clear Channel Outdoor Holdings Inc
Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America's outdoor advertising and International outdoor advertising. The company generates most of its revenue from America's outdoor advertising.
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