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Is CDK Global Inc (CDK) Stock About to Get Hot Tuesday?

Tuesday, August 17, 2021 11:50 AM | InvestorsObserver Analysts

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Is CDK Global Inc (CDK) Stock About to Get Hot Tuesday?

The market has been down on CDK Global Inc (CDK) stock recently. CDK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
CDK Global Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CDK!

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. 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 CDK Stock Today?

CDK Global Inc (CDK) stock is trading at $45.43 as of 11:48 AM on Tuesday, Aug 17, a drop of -$0.48, or -1.05% from the previous closing price of $45.91. Volume today is 570,059 compared to average volume of 533,386. The stock has traded between $45.19 and $45.85 so far today.

More About CDK Global Inc

CDK Global Inc provides integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. The firm's solutions integrate clients' buying processes, from targeted advertising and marketing campaigns to the sale, financing, and maintenance of vehicles. CDK has three segments - Retail Solutions North America, which provides automotive website platforms to manage the buying process of vehicles; Advertising North America, which provides advertising and marketing solutions across multiple channels; and CDK International, which provides technology-based retail solutions outside the United States and Canada. A large majority of the firm's revenue is generated in the United States, but CDK has a presence in countries across the world. Click Here to get the full Stock Report for CDK Global Inc stock.

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