Is it Time to Dump WaFd Inc (WAFD) Stock After it Is Down 4.01% in a Week?

The market has been down on WaFd Inc (WAFD) stock recently. WAFD gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

WaFd Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WAFD!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 WAFD Stock Today?

WaFd Inc (WAFD) stock is trading at $24.88 as of 2:09 PM on Monday, Oct 23, a rise of $0.39, or 1.57% from the previous closing price of $24.49. The stock has traded between $24.28 and $25.01 so far today. Volume today is low. So far 223,106 shares have traded compared to average volume of 473,246 shares. To see InvestorsObserver's Sentiment Score for WaFd Inc click here.

More About WaFd Inc

Washington Federal Inc runs more than 200 offices across eight states, primarily in the West. Key states include Washington, Oregon, and Arizona, which account for nearly 80% of loans. Profits are derived mostly from interest sources, as non-interest income makes up only about 7% of net revenue. Most of the loan book is oriented toward single-family mortgages, which account for 65% of the portfolio. Multifamily loans account for nearly 11%, and commercial real estate loans for about an additional 8%. Click Here to get the full Stock Report for WaFd Inc stock.