Overall market sentiment has been down on Fossil Group Inc (FOSL) stock lately. FOSL receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 FOSL Stock Today?
Fossil Group Inc (FOSL) stock is lower by -6.51% while the S&P 500 is up 0.85% as of 2:34 PM on Tuesday, Jan 19. FOSL is down -$0.64 from the previous closing price of $9.83 on volume of 626,619 shares. Over the past year the S&P 500 is up 14.43% while FOSL is up 10.19%. FOSL lost -$1.96 per share in the over the last 12 months.
To screen for more stocks like Fossil Group Inc click here.
More About Fossil Group Inc
Fossil Group Inc designs and sells watches and other fashion accessories, including jewelry, handbags, and small leather goods. Watches make up the majority of company revenue. Roughly half of sales occur in the Americas, with the rest coming from Europe and Asia. Fossil primarily sells its products through third-party retailers but also has company-owned stores in the United States. Its products target a wide range of ages and income levels with both owned and licensed brands. Fossil sources almost all of its products internationally, and the company itself is involved in the manufacture of roughly half of its non-Swiss-made watches. The remaining products are produced by third-party manufacturers.
Click Here to get the full Stock Score Report on Fossil Group Inc (FOSL) Stock.
