Is Caesarstone Ltd (CSTE) a Stock to Watch After Losing -2.49% This Week?

Caesarstone Ltd (CSTE) stock is lower by 2.49% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Caesarstone Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CSTE!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 CSTE Stock Today?

Caesarstone Ltd (CSTE) stock has gained 2.89% while the S&P 500 is down -0.09% as of 9:51 AM on Friday, Mar 22. CSTE is higher by $0.11 from the previous closing price of $3.81 on volume of 24,847 shares. Over the past year the S&P 500 is up 33.02% while CSTE is down -8.84%. CSTE lost -$3.12 per share in the over the last 12 months. To screen for more stocks like Caesarstone Ltd click here.

More About Caesarstone Ltd

Caesarstone Ltd manufactures engineered quartz surfaces. Its products primarily include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa). Click Here to get the full Stock Report for Caesarstone Ltd stock.