Overall market sentiment has been high on Unifi, Inc. (UFI) stock lately. UFI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 UFI Stock Today?
Unifi, Inc. (UFI) stock is trading at $29.41 as of 2:14 PM on Tuesday, Apr 6, an increase of $0.68, or 2.37% from the previous closing price of $28.73. The stock has traded between $28.74 and $29.81 so far today. Volume today is 94,165 compared to average volume of 84,124.
To see InvestorsObserver's Sentiment Score for Unifi, Inc. click here.
More About Unifi, Inc.
Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. UNIFI offers specialized yarns, premium value-added (PVA) yarns, and commodity yarns, with principal geographic markets in the Americas, Europe and Asia.
Click Here to get the full Stock Score Report on Unifi, Inc. (UFI) Stock.
