Is it Time to Dump Ferrari NV (RACE) Stock After it Is Down 1.26% in a Week?

Ferrari NV (RACE) stock is lower by 1.26% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Ferrari NV has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on RACE!

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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. Recent trends are a good indicator 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 RACE Stock Today?

Ferrari NV (RACE) stock is trading at $189.94 as of 10:26 AM on Tuesday, May 24, a gain of $0.28, or 0.15% from the previous closing price of $189.66. The stock has traded between $189.18 and $191.28 so far today. Volume today is low. So far 65,302 shares have traded compared to average volume of 501,522 shares. To screen for more stocks like Ferrari NV click here.

More About Ferrari NV

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. Click Here to get the full Stock Report for Ferrari NV stock.