Clear Channel Outdoor Holdings Inc (CCO) stock has gained 20.96% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 CCO Stock Today?
Clear Channel Outdoor Holdings Inc (CCO) stock is lower by -2.98% while the S&P 500 is higher by 0.02% as of 10:46 AM on Thursday, Jun 10. CCO is down -$0.08 from the previous closing price of $2.85 on volume of 4,485,991 shares. Over the past year the S&P 500 has gained 31.60% while CCO is higher by 105.19%. CCO lost -$1.37 per share in the over the last 12 months.
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More About Clear Channel Outdoor Holdings Inc
Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America's outdoor advertising and International outdoor advertising. The company generates most of its revenue from the Americas outdoor advertising.
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