Is Daktronics Inc (DAKT) a Stock to Watch After Gaining 3.01% This Week?

Overall market sentiment has been high on Daktronics Inc (DAKT) stock lately. DAKT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Daktronics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DAKT!

See Full DAKT Report

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 DAKT Stock Today?

Daktronics Inc (DAKT) stock is trading at $9.91 as of 11:13 AM on Monday, Nov 13, a decline of -$0.40, or -3.88% from the previous closing price of $10.31. The stock has traded between $9.86 and $10.39 so far today. Volume today is light. So far 119,177 shares have traded compared to average volume of 403,334 shares.

More About Daktronics Inc

Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large screen video displays for sporting, commercial and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. Click Here to get the full Stock Report for Daktronics Inc stock.