In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 PETS Stock Today?
Petmed Express Inc (PETS) stock is trading at $22.09 as of 11:50 AM on Monday, Jan 24, a decline of -$1.92, or -8% from the previous closing price of $24.01. The stock has traded between $22.06 and $23.78 so far today. Volume today is 333,956 compared to average volume of 411,030.
To see InvestorsObserver's Sentiment Score for Petmed Express Inc click here.
More About Petmed Express Inc
PetMed Express Inc along with its and subsidiaries is a leading nationwide pet pharmacy. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats, direct to the consumer. The company generates its revenue by selling pet medications and pet supplies primarily to retail consumers.
Click Here to get the full Stock Report for Petmed Express Inc stock.
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