The market has been down on CH Robinson Worldwide Inc (CHRW) stock recently. CHRW gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 CHRW Stock Today?
CH Robinson Worldwide Inc (CHRW) stock is trading at $93.94 as of 2:52 PM on Thursday, Jul 1, a gain of $0.27, or 0.29% from the previous closing price of $93.67. Volume today is 837,885 compared to average volume of 1,048,469. The stock has traded between $92.37 and $94.21 so far today.
To see the top 5 stocks in the Integrated Freight & Logistics industry click here.
More About CH Robinson Worldwide Inc
C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (63% of 2020 net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm also operates a large air and ocean forwarding division (24%), which has grown organically and via acquisition, and a legacy produce-sourcing operation (8%). The remainder of net revenue reflects transportation management services and the firm's European truck brokerage operations.
Click Here to get the full Stock Score Report on CH Robinson Worldwide Inc (CHRW) Stock.
