Is Ferguson PLC (FERG) a Stock to Watch After Losing -0.74% This Week?

The market has been neutral on Ferguson PLC (FERG) stock recently. FERG gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Ferguson PLC has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on FERG!

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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. 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 FERG Stock Today?

Ferguson PLC (FERG) stock is trading at $116.10 as of 10:18 AM on Monday, Dec 5, a drop of -$0.54, or -0.46% from the previous closing price of $116.64. The stock has traded between $115.09 and $117.76 so far today. Volume today is less active than usual. So far 726,319 shares have traded compared to average volume of 2,083,433 shares.

More About Ferguson PLC

Ferguson distributes plumbing and HVAC products primarily to repair, maintenance, and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 34,000 suppliers. Ferguson engages customers through approximately 1,600 North American branches, over the phone, online, and in residential showrooms. In fiscal 2021, Ferguson derived 94% of its nearly $23 billion of sales in the U.S. According to Modern Distribution Management, Ferguson is the largest industrial and construction distributor in North America. The firm sold its U.K. business in 2021 and is now solely focused on the North American market. Click Here to get the full Stock Report for Ferguson PLC stock.