Do Traders Think Compass Diversified Holdings (CODI) Can Turn Around Friday?

The market has been down on Compass Diversified Holdings (CODI) stock recently. CODI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Compass Diversified Holdings has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CODI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CODI Stock Today?

Compass Diversified Holdings (CODI) stock is trading at $18.19 as of 3:30 PM on Friday, Sep 30, a loss of -$0.11, or -0.6% from the previous closing price of $18.30. The stock has traded between $18.10 and $18.53 so far today. Volume today is less active than usual. So far 89,753 shares have traded compared to average volume of 267,781 shares. To see InvestorsObserver's Sentiment Score for Compass Diversified Holdings click here.

More About Compass Diversified Holdings

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and niche industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. It includes Advanced Circuits, Arnold, Foam Fabricators, and Sterno. The company has operations in the US, Canada, Europe, Asia Pacific, and other International areas. Click Here to get the full Stock Report for Compass Diversified Holdings stock.