Overall market sentiment has been high on Armstrong Flooring Inc (AFI) stock lately. AFI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 AFI Stock Today?
Armstrong Flooring Inc (AFI) stock is trading at $4.57 as of 2:25 PM on Thursday, Sep 17, an increase of $0.45, or 10.92% from the previous closing price of $4.12. The stock has traded between $3.95 and $4.71 so far today. Volume today is high. So far 765,784 shares have traded compared to average volume of 207,387 shares.
To see the top 5 stocks in the Building Products & Equipment industry click here.
More About Armstrong Flooring Inc
Armstrong Flooring Inc designs, manufactures, sources, and sells resilient and wood flooring products, which are primarily used for construction and renovation of residential, commercial, and institutional buildings. It operates through two segments namely Resilient Flooring and Wood Flooring. The Resilient Flooring provides a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand and the Wood Flooring segment provides hardwood flooring products under the Armstrong and Bruce brand names. Geographically, the group operates its business in the United States and also has its presence internationally, of which a majority of the revenue is derived from the United States.
Click Here to get the full Stock Score Report on Armstrong Flooring Inc (AFI) Stock.
