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Is it Time to Dump Rover Group Inc (ROVR) Stock After it Is Up 8.33% in a Week?

Monday, January 30, 2023 03:12 PM | InvestorsObserver Analysts

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Is it Time to Dump Rover Group Inc (ROVR) Stock After it Is Up 8.33% in a Week?

Rover Group Inc (ROVR) stock is up 8.33% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 ROVR Stock Today?

Rover Group Inc (ROVR) stock is up 4.55% while the S&P 500 has fallen -1.15% as of 3:10 PM on Monday, Jan 30. ROVR is higher by $0.18 from the previous closing price of $3.85 on volume of 248,298 shares. Over the past year the S&P 500 is down -10.89% while ROVR has fallen -38.28%. ROVR lost -$0.01 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Rover Group Inc click here.

More About Rover Group Inc

Rover Group Inc is an online marketplace for pet care based on gross booking value or GBV. The company connects pet parents with loving pet care providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, and drop-in visits. The user-based platform extends across the U.S., Canada, the U.K., Spain, France, Norway, Sweden, Netherlands, Italy and Germany. For pet care providers, the company built tools to easily create a listing in the marketplace along with simple tools for scheduling and booking care, communicating with pet parents, and receiving payment. The company generates revenue from facilitating the connection between pet care providers and pet parents. Click Here to get the full Stock Report for Rover Group Inc stock.

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