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Is it Time to Dump O'Reilly Automotive Inc (ORLY) Stock After it Has Fallen 3.61% in a Week?

Friday, December 08, 2023 03:05 PM | InvestorsObserver Analysts

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Is it Time to Dump O'Reilly Automotive Inc (ORLY) Stock After it Has Fallen 3.61% in a Week?

The market has been down on O'Reilly Automotive Inc (ORLY) stock recently. ORLY gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
O'Reilly Automotive Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ORLY!

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. 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 ORLY Stock Today?

O'Reilly Automotive Inc (ORLY) stock has fallen -0.9% while the S&P 500 is higher by 0.44% as of 2:49 PM on Friday, Dec 8. ORLY is lower by -$8.55 from the previous closing price of $953.71 on volume of 165,398 shares. Over the past year the S&P 500 has gained 17.08% while ORLY is higher by 14.04%. ORLY earned $37.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 25.13. To see InvestorsObserver's Sentiment Score for O'Reilly Automotive Inc click here.

More About O'Reilly Automotive Inc

O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (41% and 59% of 2021 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,784 stores as of the end of 2021, spread across 47 U.S. states and including 25 stores in Mexico. The firm serves professional and DIY customers through its store network and also boasts approximately 750 sales personnel targeting commercial buyers. Click Here to get the full Stock Report for O'Reilly Automotive Inc stock.

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