Do Traders Think WW Grainger Inc (GWW) Can Keep Climbing Thursday?

WW Grainger Inc (GWW) stock has risen 3.47% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 GWW Stock Today?

WW Grainger Inc (GWW) stock has risen 0.07% while the S&P 500 is down -0.78% as of 3:02 PM on Thursday, Nov 9. GWW is up $0.56 from the previous closing price of $781.99 on volume of 175,423 shares. Over the past year the S&P 500 has risen 13.59% while GWW is up 30.28%. GWW earned $36.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 21.68.

More About WW Grainger Inc

W.W. Grainger distributes 1.5 million maintenance, repair, and operating products that are sourced from over 4,500 suppliers. The company serves about 5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches. In recent years, Grainger has invested in its e-commerce capabilities and is the 11th-largest e-retailer in North America. Click Here to get the full Stock Report for WW Grainger Inc stock.