Do Traders Think Vroom Inc (VRM) Can Keep Climbing Friday?

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

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

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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. 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 VRM Stock Today?

Vroom Inc (VRM) stock is down -2.62% while the S&P 500 has gained 0.02% as of 2:00 PM on Friday, Mar 22. VRM has fallen -$0.36 from the previous closing price of $13.72 on volume of 64,147 shares. Over the past year the S&P 500 has gained 33.16% while VRM has fallen -81.23%. VRM lost -$209.70 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Vroom Inc click here.

More About Vroom Inc

Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company's ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions. Click Here to get the full Stock Report for Vroom Inc stock.