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.
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 GDS Stock Today?
GDS Holdings Ltd - ADR (GDS) stock has fallen -5.4% while the S&P 500 is higher by 0.05% as of 10:35 AM on Thursday, Nov 16. GDS is down -$0.64 from the previous closing price of $11.95 on volume of 216,043 shares. Over the past year the S&P 500 has gained 12.86% while GDS is down -31.95%. GDS lost -$0.96 per share in the over the last 12 months.
More About GDS Holdings Ltd - ADR
GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expansion plan into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.
Click Here to get the full Stock Report for GDS Holdings Ltd - ADR stock.
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