The market has been down on Canada Goose Holdings Inc (GOOS) stock recently. GOOS gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Canada Goose Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GOOS!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GOOS Stock Today?
Canada Goose Holdings Inc (GOOS) stock is trading at $11.66 as of 11:00 AM on Wednesday, Mar 27, a gain of $0.54, or 4.86% from the previous closing price of $11.12. The stock has traded between $11.18 and $11.76 so far today. Volume today is 988,810 compared to average volume of 943,315.
More About Canada Goose Holdings Inc
Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors. Geographically, it has a presence in Canada, the United States, Asia, Europe, and the Rest of the World.
Click Here to get the full Stock Report for Canada Goose Holdings Inc stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
