The market has been down on Red Robin Gourmet Burgers, Inc. (RRGB) stock recently. RRGB gets a Bearish score 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.
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 RRGB Stock Today?
Red Robin Gourmet Burgers, Inc. (RRGB) stock has gained 1.98% while the S&P 500 is down -0.56% as of 9:56 AM on Friday, Jul 10. RRGB has gained $0.15 from the previous closing price of $7.84 on volume of 170,021 shares. Over the past year the S&P 500 has risen 5.31% while RRGB is down -73.74%. RRGB lost -$14.17 per share in the over the last 12 months.
To see the top 5 stocks in the Restaurants industry click here.
More About Red Robin Gourmet Burgers, Inc.
Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.
