Is Gartner Inc (IT) Stock About to Get Hot Wednesday?

Overall market sentiment has been down on Gartner Inc (IT) stock lately. IT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Gartner Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IT!

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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. 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 IT Stock Today?

Gartner Inc (IT) stock is higher by 1.64% while the S&P 500 is down -0.16% as of 3:01 PM on Wednesday, Jan 19. IT is higher by $4.55 from the previous closing price of $278.05 on volume of 230,033 shares. Over the past year the S&P 500 is up 20.29% while IT is higher by 77.25%. IT earned $8.06 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 35.06. To screen for more stocks like Gartner Inc click here.

More About Gartner Inc

Based in Stamford, Conn., Gartner provides independent research and analysis on information technology and other related technology industries. Its research is delivered to clients' desktops in the form of reports, briefings, and updates. Typical clients are chief information officers and other business executives who help plan companies' IT budgets. Gartner also provides consulting services and hosted nearly 80 IT conferences across the globe in 2007. Click Here to get the full Stock Report for Gartner Inc stock.