How Will the Market React to Credit Acceptance Corp. (CACC) Stock Getting a Bullish Rating

The market has been high on Credit Acceptance Corp. (CACC) stock recently. CACC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Credit Acceptance Corp. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CACC!

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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 CACC Stock Today?

Credit Acceptance Corp. (CACC) stock is trading at $610.47 as of 3:37 PM on Tuesday, Aug 16, a rise of $36.12, or 6.29% from the previous closing price of $574.35. The stock has traded between $568.03 and $617.44 so far today. Volume today is 53,333 compared to average volume of 57,360.

More About Credit Acceptance Corp.

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue. Click Here to get the full Stock Report for Credit Acceptance Corp. stock.