Ark Restaurants Corp (ARKR) stock is up 23.46% over the past week and gets a Bullish 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.
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 ARKR Stock Today?
Ark Restaurants Corp (ARKR) stock is trading at $17.58 as of 1:37 PM on Wednesday, Dec 23, a rise of $2.47, or 16.35% from the previous closing price of $15.11. The stock has traded between $15.16 and $17.58 so far today. Volume today is elevated. So far 71,201 shares have traded compared to average volume of 44,758 shares.
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More About Ark Restaurants Corp
Ark Restaurants Corp owns and operates more than 20 restaurants and bars, 17 fast food concepts and catering operations in New York City, Florida, Washington, D.C, Las Vegas, Nevada and the gulf coast of Alabama. Fiverestaurants are located in New York City, two are located in Washington, D.C., five are located in Las Vegas, Nevada, three are located in Atlantic City, New Jersey, two are located on the east coast of Florida and two are located on the Gulf Coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel's room service, banquet facilities, employee dining room and six food court concepts; and one restaurant within the Planet Hollywood Resort and Casino.
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