InvestorsObserver
×
News Home

Is it Time to Dump Graco Inc. (GGG) Stock After it Is Up 0.60% in a Week?

Monday, December 05, 2022 03:12 PM | InvestorsObserver Analysts

Mentioned in this article

Is it Time to Dump Graco Inc. (GGG) Stock After it Is Up 0.60% in a Week?

Overall market sentiment has been high on Graco Inc. (GGG) stock lately. GGG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Graco Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GGG!

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 GGG Stock Today?

Graco Inc. (GGG) stock is trading at $69.00 as of 2:58 PM on Monday, Dec 5, a decline of -$1.24, or -1.77% from the previous closing price of $70.24. The stock has traded between $68.14 and $69.49 so far today. Volume today is light. So far 408,319 shares have traded compared to average volume of 1,013,738 shares. To screen for more stocks like Graco Inc. click here.

More About Graco Inc.

Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2 billion in sales and $531 million in operating income in 2021. Click Here to get the full Stock Report for Graco Inc. stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App