The market has been high on Estee Lauder Companies Inc (EL) stock recently. EL gets a Bullish score 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.
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 EL Stock Today?
Estee Lauder Companies Inc (EL) stock is down -0.06% while the S&P 500 has gained 0.05% as of 3:26 PM on Tuesday, Apr 27. EL is down -$0.18 from the previous closing price of $316.25 on volume of 642,790 shares. Over the past year the S&P 500 is up 45.55% while EL has gained 91.21%. EL earned $2.50 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 126.44.
To see InvestorsObserver's Sentiment Score for Estee Lauder Companies Inc click here.
More About Estee Lauder Companies Inc
Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (52% of 2020 sales), makeup (33%), fragrance (11%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins. The firm operates in 150 countries, with 27% of revenue stemming from the Americas, 44% from Europe, the Middle East and Africa, and 30% from Asia-Pacific. The company sells its products through department stores, travel retail, multibrand specialty beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
Click Here to get the full Stock Score Report on Estee Lauder Companies Inc (EL) Stock.
