Is it Time to Dump Diageo plc (DEO) Stock After it Is Up 4.52% in a Week?

Diageo plc (DEO) stock has gained 4.52% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Diageo plc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DEO!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 DEO Stock Today?

Diageo plc (DEO) stock is trading at $183.47 as of 10:52 AM on Friday, Nov 25, an increase of $0.46, or 0.25% from the previous closing price of $183.01. Volume today is less active than usual. So far 86,224 shares have traded compared to average volume of 339,552 shares. The stock has traded between $183.32 and $184.22 so far today. To screen for more stocks like Diageo plc click here.

More About Diageo plc

The product of a merger between Grand Metropolitan and Guinness in 1997, Diageo is the world's leading producer of branded premium spirits. It also produces and markets beer and wine. Brands include Johnnie Walker blended scotch, Smirnoff vodka, Crown Royal Canadian whiskey, Captain Morgan rum, Baileys Irish Cream, and Guinness stout. Diageo also owns 34% of premium champagne and cognac maker Moet Hennessy, a subsidiary of French luxury-goods maker LVMH Moet Hennessy-Louis Vuitton, and a near-55% stake in India's United Spirits. Click Here to get the full Stock Report for Diageo plc stock.