Overall market sentiment has been high on Covenant Logistics Group Inc (CVLG) stock lately. CVLG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Covenant Logistics Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CVLG!
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CVLG Stock Today?
Covenant Logistics Group Inc (CVLG) stock is trading at $34.28 as of 1:55 PM on Tuesday, Oct 19, an increase of $1.44, or 4.4% from the previous closing price of $32.84. The stock has traded between $32.70 and $34.48 so far today. Volume today is 193,301 compared to average volume of 174,100.
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More About Covenant Logistics Group Inc
Covenant Logistics Group Inc, formerly Covenant Transportation Group Inc, together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Highway Services, Dedicated Contract Services, Managed Freight, and Factoring. Highway Services are further divided into Expedited and OTR while Managed Freight is divided into Brokerage, TMS(Transportation management services, and Warehousing. The Highway and the Dedicated segments contribute to the majority of the revenue.
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