The market has been high on Suburban Propane Partners LP (SPH) stock recently. SPH gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Suburban Propane Partners LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SPH!
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.
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 SPH Stock Today?
Suburban Propane Partners LP (SPH) stock is up 0.19% while the S&P 500 has fallen -0.49% as of 2:10 PM on Friday, Sep 29. SPH is higher by $0.03 from the previous closing price of $15.97 on volume of 429,270 shares. Over the past year the S&P 500 has gained 15.05% while SPH is higher by 0.69%. SPH earned $1.37 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.7.
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More About Suburban Propane Partners LP
Suburban Propane Partners distributes propane, fuel oil, and other refined fuels to customers primarily in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets.
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