Overall market sentiment has been high on Steven Madden Ltd (SHOO) stock lately. SHOO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Steven Madden Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SHOO!
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.
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 SHOO Stock Today?
Steven Madden Ltd (SHOO) stock is trading at $33.89 as of 1:45 PM on Wednesday, Nov 8, a loss of -$0.10, or -0.28% from the previous closing price of $33.98. Volume today is 477,860 compared to average volume of 546,921. The stock has traded between $32.65 and $35.69 so far today.
More About Steven Madden Ltd
Steven Madden Ltd designs and sells brand-name and private-label footwear and accessories. Its products are geared toward fashion-conscious adults and children. The company sells its products through department stores and other retailers as well as its own stores and websites. Nearly all of the company's revenue comes from three of its segments. The wholesale footwear segment accounts for the majority of revenue, while the wholesale accessories and retail segments contribute sizable amounts. Geographically, most sales are in North America and South Africa, but the company's products also reach Europe, Asia, and Australia.
Click Here to get the full Stock Report for Steven Madden Ltd stock.
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