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 DIT Stock Today?
AMCON Distributing Co (DIT) stock is higher by 2.69% while the S&P 500 has fallen -3.35% as of 1:21 PM on Wednesday, May 18. DIT is higher by $4.27 from the previous closing price of $158.73 on volume of 2,064 shares. Over the past year the S&P 500 has fallen -5.08% while DIT is higher by 19.07%. DIT earned $27.68 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.89.
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More About AMCON Distributing Co
Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a vast majority of the revenue from the Wholesale distribution segment.
Click Here to get the full Stock Report for AMCON Distributing Co stock.
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