How Will the Market React to Destination XL Group Inc (DXLG) Stock Getting a Bullish Rating

Destination XL Group Inc (DXLG) stock is down 6.76% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Destination XL Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DXLG!

See Full DXLG Report

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DXLG Stock Today?

Destination XL Group Inc (DXLG) stock has fallen -2.82% while the S&P 500 has gained 0.41% as of 2:11 PM on Friday, Aug 25. DXLG is lower by -$0.12 from the previous closing price of $4.26 on volume of 374,430 shares. Over the past year the S&P 500 is higher by 6.12% while DXLG is lower by -1.43%. DXLG earned $1.24 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.33.

More About Destination XL Group Inc

Destination XL Group Inc is a retailer of branded and designer men's clothing and footwear in the United States. The company sells shirts, outerwear, suits, sleepwear, footwear and other accessories through branded stores like Polo, Reebok, Oak Hill, Robert Graham, Lacoste, Levi's and True Nation. It also sells products across the world. Click Here to get the full Stock Report for Destination XL Group Inc stock.