Do Traders Think Meritage Homes Corp (MTH) Can Turn Around Wednesday?

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

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

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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. 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 MTH Stock Today?

Meritage Homes Corp (MTH) stock is trading at $78.84 as of 1:06 PM on Wednesday, May 11, a drop of -$2.25, or -2.77% from the previous closing price of $81.09. The stock has traded between $78.80 and $82.34 so far today. Volume today is light. So far 206,717 shares have traded compared to average volume of 401,518 shares. To see InvestorsObserver's Sentiment Score for Meritage Homes Corp click here.

More About Meritage Homes Corp

Meritage Homes Corp is an American residential construction company that primarily builds single-family and active adult housing communities across the western, southern, and southeastern parts of the United States. Meritage Homes has a homebuilding presence in over 25 metro markets and has expanded its presence in Texas, Florida, Georgia, and the Carolinas. The company is considered one of the industry's leading energy-efficient homebuilders. Meritage completes approximately 6,000 home orders annually, and the majority of its revenue is derived from move-up single-family homes, followed by active adult housing communities. Click Here to get the full Stock Report for Meritage Homes Corp stock.