Overall market sentiment has been down on E W Scripps Co (SSP) stock lately. SSP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
E W Scripps Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SSP!
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.
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 SSP Stock Today?
E W Scripps Co (SSP) stock is trading at $5.77 as of 1:30 PM on Thursday, Nov 2, a gain of $0.63, or 12.16% from the previous closing price of $5.14. The stock has traded between $5.17 and $5.85 so far today. Volume today is low. So far 336,727 shares have traded compared to average volume of 468,892 shares.
More About E W Scripps Co
The E W Scripps Co is a media enterprise with interests in local and national media brands. It owns and operates a collection of daily and community newspapers, primarily in medium-sized cities in the southern and western portions of the United States. The company's operating segment includes Local Media, Scripps Networks, and Other. It generates maximum revenue from the Local Media segment. The Local Media segment includes approximately 61 local broadcast stations and their related digital operations.
Click Here to get the full Stock Report for E W Scripps Co stock.
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