How Will the Market React to Gildan Activewear Inc (GIL) Stock Getting a Bullish Rating

Overall market sentiment has been high on Gildan Activewear Inc (GIL) stock lately. GIL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Gildan Activewear Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GIL!

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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. 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 GIL Stock Today?

Gildan Activewear Inc (GIL) stock is down -0.03% while the S&P 500 has gained 0.16% as of 10:54 AM on Monday, Nov 6. GIL is lower by -$0.01 from the previous closing price of $33.24 on volume of 208,385 shares. Over the past year the S&P 500 is up 14.67% while GIL has gained 16.88%. GIL earned $2.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.74. To screen for more stocks like Gildan Activewear Inc click here.

More About Gildan Activewear Inc

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America. The Montreal-based company generates most of its sales in the U.S. and was incorporated in 1984. Click Here to get the full Stock Report for Gildan Activewear Inc stock.