Is Drive Shack Inc (DS) Stock About to Get Hot Friday?

Friday, May 13, 2022 10:49 AM | InvestorsObserver Analysts

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Is Drive Shack Inc (DS) Stock About to Get Hot Friday?

Drive Shack Inc (DS) stock is up 15.97% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 DS Stock Today?

Drive Shack Inc (DS) stock is trading at $1.38 as of 10:44 AM on Friday, May 13, a gain of $0.09, or 6.98% from the previous closing price of $1.29. The stock has traded between $1.28 and $1.42 so far today. Volume today is 1,241,773 compared to average volume of 1,056,737. To see InvestorsObserver's Sentiment Score for Drive Shack Inc click here.

More About Drive Shack Inc

Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment. Click Here to get the full Stock Report for Drive Shack Inc stock.