The market has been high on Skyline Champion Corp (SKY) stock recently. SKY gets a Bullish score from InvestorsObserver's Stock 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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SKY Stock Today?
Skyline Champion Corp (SKY) stock has gained 2.33% while the S&P 500 has fallen -0.69% as of 11:32 AM on Friday, Dec 18. SKY has risen $0.73 from the previous closing price of $31.28 on volume of 234,122 shares. Over the past year the S&P 500 is higher by 15.84% while SKY has risen 3.83%. SKY earned $0.92 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 34.73.
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More About Skyline Champion Corp
Skyline Champion Corp operates as a producer of factory-built housing in the United States and Canada. It's business activities consist of designing, producing and marketing of manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities. Its segments are U.S. Factory-built Housing and Canadian Factory-built Housing. It markets its homes under the brand names including Skyline Homes, Champion Home Builders, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada.
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