Overall market sentiment has been down on CH Robinson Worldwide Inc (CHRW) stock lately. CHRW receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 CHRW Stock Today?
CH Robinson Worldwide Inc (CHRW) stock has risen 1.12% while the S&P 500 is lower by -2.37% as of 1:21 PM on Thursday, Sep 24. CHRW has risen $1.14 from the previous closing price of $101.17 on volume of 509,127 shares. Over the past year the S&P 500 has risen 9.11% while CHRW has risen 23.00%. CHRW earned $3.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.89.
More About CH Robinson Worldwide Inc
C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (66% of net revenue), which reflects mostly truck brokerage but also rail intermodal. It also operates a growing air and ocean forwarding unit (20%) and a legacy produce-sourcing operation (9%). The remainder of net revenue reflects transportation management services and the firm's European truck brokerage operations.