AMCON Distributing Co (DIT) stock has risen 26.00% over the past week and gets a Neutral rating from InvestorsObserver's 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.
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 DIT Stock Today?
AMCON Distributing Co (DIT) stock is trading at $84.12 as of 1:56 PM on Friday, Nov 13, a gain of $2.27, or 2.77% from the previous closing price of $81.85. Volume today is elevated. So far 2,670 shares have traded compared to average volume of 305 shares. The stock has traded between $81.99 and $90.75 so far today.
To see InvestorsObserver's Sentiment Score for AMCON Distributing Co click here.
More About AMCON Distributing Co
Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a vast majority of the revenue from the wholesale distribution segment.
Click Here to get the full Stock Score Report on AMCON Distributing Co (DIT) Stock.
