Overall market sentiment has been down on Vulcan Materials Company (VMC) stock lately. VMC receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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 VMC Stock Today?
Vulcan Materials Company (VMC) stock is trading at $140.64 as of 9:45 AM on Tuesday, Nov 24, a gain of $1.73, or 1.25% from the previous closing price of $138.91. The stock has traded between $140.10 and $141.24 so far today. Volume today is below average. So far 11,063 shares have traded compared to average volume of 998,502 shares.
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More About Vulcan Materials Company
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Alabama, Arizona, California, Florida, Georgia, North Carolina, South Carolina, Tennessee, Texas, and Virginia. In 2019, Vulcan sold 215 million tons of aggregates, 13 million tons of asphalt mix, and 3 million cubic yards of ready-mix. As of Dec. 31, 2019, the company had more than 16 billion tons of aggregates reserves.
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