Is it Time to Dump JOYY Inc (YY) Stock After it Is Up 8.78% in a Week?

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

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

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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 YY Stock Today?

JOYY Inc (YY) stock is up 0.96% while the S&P 500 has fallen -0.42% as of 10:31 AM on Tuesday, Sep 12. YY is up $0.36 from the previous closing price of $37.55 on volume of 165,185 shares. Over the past year the S&P 500 has risen 8.71% while YY is up 26.83%. YY earned $4.36 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.7.

More About JOYY Inc

JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others. Click Here to get the full Stock Report for JOYY Inc stock.