Is it Time to Dump Envestnet Inc (ENV) Stock After it Is Up 2.98% in a Week?

The market has been high on Envestnet Inc (ENV) stock recently. ENV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Envestnet Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ENV!

See Full ENV Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ENV Stock Today?

Envestnet Inc (ENV) stock is up 0.83% while the S&P 500 is down -1.72% as of 2:08 PM on Friday, May 20. ENV has gained $0.56 from the previous closing price of $67.43 on volume of 434,303 shares. Over the past year the S&P 500 has fallen -6.85% while ENV has gained 0.47%. ENV lost -$0.29 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Envestnet Inc click here.

More About Envestnet Inc

Envestnet Inc provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provides research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation. Click Here to get the full Stock Report for Envestnet Inc stock.