Is it Time to Dump ACCO Brands Corp (ACCO) Stock After it Is Higher By 8.00% in a Week?

ACCO Brands Corp (ACCO) stock is up 8.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

ACCO Brands Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ACCO!

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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 ACCO Stock Today?

ACCO Brands Corp (ACCO) stock is trading at $5.67 as of 1:41 PM on Friday, Mar 22, a drop of -$0.03, or -0.53% from the previous closing price of $5.70. The stock has traded between $5.64 and $5.75 so far today. Volume today is less active than usual. So far 152,761 shares have traded compared to average volume of 878,123 shares.

More About ACCO Brands Corp

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs. Click Here to get the full Stock Report for ACCO Brands Corp stock.