The market has been down on La-Z-Boy Incorporated (LZB) stock recently. LZB gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
La-Z-Boy Incorporated has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LZB!
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 LZB Stock Today?
La-Z-Boy Incorporated (LZB) stock has gained 5.98% while the S&P 500 is down -0.07% as of 11:09 AM on Thursday, Feb 20. LZB is higher by $1.96 from the previous closing price of $32.76 on volume of 238,270 shares. Over the past year the S&P 500 has risen 21.73% while LZB is higher by 7.76%. LZB earned $1.64 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 21.22.
To see InvestorsObserver's Sentiment Score for La-Z-Boy Incorporated click here.
