Is Destination XL Group Inc (DXLG) Stock About to Get Hot Monday?

Overall market sentiment has been high on Destination XL Group Inc (DXLG) stock lately. DXLG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Destination XL Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DXLG!

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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. 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 DXLG Stock Today?

Destination XL Group Inc (DXLG) stock has fallen -6.87% while the S&P 500 is higher by 0.61% as of 1:13 PM on Monday, Nov 20. DXLG is down -$0.31 from the previous closing price of $4.51 on volume of 461,754 shares. Over the past year the S&P 500 has risen 14.97% while DXLG is down -37.31%. DXLG earned $0.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.9.

More About Destination XL Group Inc

Destination XL Group Inc is a retailer of branded and designer men's clothing and footwear in the United States. The company sells shirts, outerwear, suits, sleepwear, footwear and other accessories through branded stores like Polo, Reebok, Oak Hill, Robert Graham, Lacoste, Levi's and True Nation. It also sells products across the world. Click Here to get the full Stock Report for Destination XL Group Inc stock.