Do Traders Think Legacy Housing Corp (LEGH) Can Turn Around Monday?

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

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

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LEGH Stock Today?

Legacy Housing Corp (LEGH) stock is higher by 1.11% while the S&P 500 has fallen -0.19% as of 1:24 PM on Monday, Mar 25. LEGH has gained $0.22 from the previous closing price of $19.78 on volume of 123,822 shares. Over the past year the S&P 500 has risen 31.34% while LEGH has fallen -7.19%. LEGH earned $2.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.22.

More About Legacy Housing Corp

Legacy Housing Corp builds, sells and finances manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. It also provide consumer financing for its products which are sold to end-users through both independent and company-owned retail locations, and it provides financing to manufactured housing community owners that buy its products for use in their housing communities. Click Here to get the full Stock Report for Legacy Housing Corp stock.