Do Traders Think Cato Corp (CATO) Can Turn Around Tuesday?

The market has been down on Cato Corp (CATO) stock recently. CATO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Cato Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CATO!

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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 CATO Stock Today?

Cato Corp (CATO) stock is trading at $5.78 as of 10:30 AM on Tuesday, Mar 26, an increase of $0.41, or 7.53% from the previous closing price of $5.38. The stock has traded between $5.70 and $5.81 so far today. Volume today is less active than usual. So far 71,795 shares have traded compared to average volume of 119,702 shares.

More About Cato Corp

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services. Click Here to get the full Stock Report for Cato Corp stock.