Is Endeavor Group holdings Inc (EDR) a Stock to Watch After Gaining 13.93% This Week?

Overall market sentiment has been high on Endeavor Group holdings Inc (EDR) stock lately. EDR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Endeavor Group holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EDR!

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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. 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 EDR Stock Today?

Endeavor Group holdings Inc (EDR) stock is trading at $25.68 as of 12:30 PM on Friday, Sep 9, a rise of $0.96, or 3.88% from the previous closing price of $24.72. The stock has traded between $24.94 and $25.72 so far today. Volume today is 949,204 compared to average volume of 1,037,958.

More About Endeavor Group holdings Inc

Endeavor Group Holdings Inc is an entertainment, sports and content company. It offers services through its integrated capabilities of talent representation, content development, content distribution and sales, event management, marketing and licensing, and direct-to-consumer offerings. It operates its business in three segments: Owned Sports Properties; Events, Experiences & Rights; and Representation. Click Here to get the full Stock Report for Endeavor Group holdings Inc stock.