Is it Time to Dump Olo Inc (OLO) Stock After it Is Higher By 9.78% in a Week?

Olo Inc (OLO) stock is higher by 9.78% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

See Full OLO 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. 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 OLO Stock Today?

Olo Inc (OLO) stock is trading at $4.94 as of 2:14 PM on Thursday, Nov 16, a decline of -$0.05, or -1% from the previous closing price of $4.99. The stock has traded between $4.89 and $5.01 so far today. Volume today is low. So far 538,397 shares have traded compared to average volume of 1,628,020 shares. To screen for more stocks like Olo Inc click here.

More About Olo Inc

In July 2019, Deutsche Bank announced another restructuring plan hoping to revitalize revenue, reduce costs, and return to profitability. The largest moving pieces of the new plan is the full exit of global equity sales & trading, the scaling back of its fixed income business, as well as 18,000 FTE reductions until 2022. The remaining core business segments include private banking, corporate banking, asset management, and investment banking. Click Here to get the full Stock Report for Olo Inc stock.