Do Traders Think Caleres Inc (CAL) Can Keep Climbing Wednesday?

The market has been high on Caleres Inc (CAL) stock recently. CAL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Caleres Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CAL!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator 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 CAL Stock Today?

Caleres Inc (CAL) stock is lower by -2.51% while the S&P 500 has gained 0.36% as of 11:08 AM on Wednesday, Nov 22. CAL is lower by -$0.75 from the previous closing price of $29.90 on volume of 125,675 shares. Over the past year the S&P 500 is up 15.30% while CAL has gained 6.08%. CAL earned $4.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.08.

More About Caleres Inc

Caleres Inc is a footwear retailer in the United States. The company is engaged in the operation of retail shoe stores and e-commerce websites, as well as the design, sourcing, and marketing of footwear for women and men. It offers products under Naturalizer, Dr. Scholl's, LifeStride, Ryka, and Franco Sarto brands. It operates approx 1,221 retail shoe stores in the United States, Canada, Guam, and Italy, primarily under the Famous Footwear, LifeStride, Naturalizer, Blowfish Malibu, Fergie Footwear, and Allen Edmonds names. Click Here to get the full Stock Report for Caleres Inc stock.