HD Supply Holdings Inc (HDS) stock is up 10.59% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
HD Supply Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HDS!
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 indator 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 HDS Stock Today?
HD Supply Holdings Inc (HDS) stock is trading at $36.67 as of 10:05 AM on Tuesday, Jun 9, a rise of $1.17, or 3.3% from the previous closing price of $35.50. The stock has traded between $35.20 and $36.67 so far today. Volume today is light. So far 695,163 shares have traded compared to average volume of 1,236,215 shares.
To see InvestorsObserver's Sentiment Score for HD Supply Holdings Inc click here.
More About HD Supply Holdings Inc
Through a combination of acquisitions and organic growth, HD Supply has become one of the largest industrial distributors in North America. It is the market leader in the two sectors in which it operates (facilities and home improvement maintenance, repair, and operations and specialty construction). Today, HD Supply offers 650,000 stock-keeping units and serves 500,000 customers through 270 branches across the United States and Canada.
