Do Traders Think SelectQuote Inc (SLQT) Can Keep Climbing Monday?

Overall market sentiment has been high on SelectQuote Inc (SLQT) stock lately. SLQT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

SelectQuote Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SLQT!

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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. 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 SLQT Stock Today?

SelectQuote Inc (SLQT) stock is trading at $2.26 as of 3:53 PM on Monday, Aug 15, a rise of $0.14, or 6.86% from the previous closing price of $2.12. The stock has traded between $2.07 and $2.27 so far today. Volume today is 1,256,601 compared to average volume of 1,551,798. To see InvestorsObserver's Sentiment Score for SelectQuote Inc click here.

More About SelectQuote Inc

SelectQuote Inc is a Direct-to-consumer (DTC) distribution platform which facilitates consumers to shop for health, life and auto & home insurance policies online. The company generates its revenues by selling insurance products on behalf of the insurance carrier partners in the form of commission. It functions through three lines namely, SelectQuote Senior, SelectQuote Life, and SelectQuote Auto & Home. Click Here to get the full Stock Report for SelectQuote Inc stock.