The market has been high on Advance Auto Parts, Inc. (AAP) stock recently. AAP gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
Click Here to get the full Stock Score Report on Advance Auto Parts, Inc. (AAP) Stock.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 AAP Stock Today?
Advance Auto Parts, Inc. (AAP) stock has fallen -6.06% while the S&P 500 is flat 0% as of 9:45 AM on Tuesday, Nov 12. AAP is down -$10.25 from the previous closing price of $169.04 on volume of 128,504 shares. Over the past year the S&P 500 has gained 13.23% while AAP is down -4.95%. AAP earned $5.65 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.02.
To see the top 5 stocks in the Specialty Retail industry click here.
