Builders FirstSource, Inc. (BLDR) stock has risen 9.44% over the past week and gets a Bullish rating from InvestorsObserver's 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 BLDR Stock Today?
Builders FirstSource, Inc. (BLDR) stock has gained 1.62% while the S&P 500 is lower by -0.42% as of 2:44 PM on Thursday, Jun 4. BLDR has risen $0.36 from the previous closing price of $22.25 on volume of 588,133 shares. Over the past year the S&P 500 has risen 10.93% while BLDR has risen 51.54%. BLDR earned $1.66 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.59.
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More About Builders FirstSource, Inc.
Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The products can be designed for each home individually and are installed by Builders FirstSource. The company's construction-related services include professional installation, turn-key framing and shell construction. Builders FirstSource's customers range from large production builders to small custom homebuilders.
