Overall market sentiment has been down on Coca-Cola European Partners PLC (CCEP) stock lately. CCEP receives a Bearish rating from InvestorsObserver's Stock 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.
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 CCEP Stock Today?
Coca-Cola European Partners PLC (CCEP) stock is trading at $48.42 as of 1:14 PM on Friday, Jan 15, a loss of -$0.30, or -0.62% from the previous closing price of $48.72. The stock has traded between $47.60 and $48.72 so far today. Volume today is below average. So far 424,791 shares have traded compared to average volume of 1,185,431 shares.
To see the top 5 stocks in the Beverages - Non-Alcoholic industry click here.
More About Coca-Cola European Partners PLC
Coca-Cola European Partners is a bottling company that sells nonalcoholic ready-to-drink beverage products under the Coca-Cola brand in Europe. The company operates through one segment. It purchases concentrate and syrups from the primary licensor, the Coca-Cola Co., then produces, packages, and distributes the beverages to retailers. The current license allows the company to exclusively market, produce, and distribute Coca-Cola products within specified territories: Iberia, Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Iceland, Germany, and Sweden. Sales of beverages in Iberia, Great Britain, Germany and France make up the majority of the company's total sales volume and revenue.
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