Is it Time to Dump Scotts Miracle-Gro Co (SMG) Stock After it Is Up 14.78% in a Week?

Scotts Miracle-Gro Co (SMG) stock is up 14.78% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Scotts Miracle-Gro Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SMG!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SMG Stock Today?

Scotts Miracle-Gro Co (SMG) stock has fallen -2.26% while the S&P 500 has risen 1.42% as of 12:25 PM on Thursday, Nov 2. SMG has fallen -$1.19 from the previous closing price of $52.68 on volume of 533,027 shares. Over the past year the S&P 500 is up 11.46% while SMG has risen 11.07%. SMG lost -$6.79 per share in the over the last 12 months.

More About Scotts Miracle-Gro Co

Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business. Click Here to get the full Stock Report for Scotts Miracle-Gro Co stock.