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How Will the Market React to Wayside Technology Group, Inc. (WSTG) Stock Getting a Bullish Rating

Thursday, May 06, 2021 03:16 PM | InvestorsObserver Analysts
How Will the Market React to Wayside Technology Group, Inc. (WSTG) Stock Getting a Bullish Rating

Overall market sentiment has been high on Wayside Technology Group, Inc. (WSTG) stock lately. WSTG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Wayside Technology Group, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WSTG!

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.

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 WSTG Stock Today?

Wayside Technology Group, Inc. (WSTG) stock is down -4.03% while the S&P 500 has risen 0.14% as of 2:35 PM on Thursday, May 6. WSTG has fallen -$1.03 from the previous closing price of $25.56 on volume of 64,048 shares. Over the past year the S&P 500 has risen 45.50% while WSTG has risen 49.66%. WSTG earned $1.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.21.

To see InvestorsObserver's Sentiment Score for Wayside Technology Group, Inc. click here.

More About Wayside Technology Group, Inc.

Wayside Technology Group Inc is a cloud solutions provider and value-added reseller of software, hardware and services to customers. It offers an extensive line of products from software vendors and tools for virtualization/cloud computing, security, networking, storage & infrastructure management, application lifecycle management and other technically sophisticated domains as well as computer hardware. The Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware and services to customers under the names TechXtend and Grey Matter.

Click Here to get the full Stock Score Report on Wayside Technology Group, Inc. (WSTG) Stock.

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