Overall market sentiment has been high on G-III Apparel Group, Ltd. (GIII) stock lately. GIII receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 GIII Stock Today?
G-III Apparel Group, Ltd. (GIII) stock is lower by -2.12% while the S&P 500 has risen 0.88% as of 2:31 PM on Monday, Mar 22. GIII is down -$0.74 from the previous closing price of $34.60 on volume of 513,502 shares. Over the past year the S&P 500 has gained 76.44% while GIII has risen 464.50%. GIII earned $0.48 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 70.17.
To see InvestorsObserver's Sentiment Score for G-III Apparel Group, Ltd. click here.
More About G-III Apparel Group, Ltd.
G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.
Click Here to get the full Stock Score Report on G-III Apparel Group, Ltd. (GIII) Stock.
