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Is Loandepot Inc (LDI) a Stock to Watch After Losing 0.00% This Week?

Monday, October 03, 2022 02:24 PM | InvestorsObserver Analysts

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Is Loandepot Inc (LDI) a Stock to Watch After Losing 0.00% This Week?

Overall market sentiment has been down on Loandepot Inc (LDI) stock lately. LDI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Loandepot Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LDI!

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LDI Stock Today?

Loandepot Inc (LDI) stock is trading at $1.36 as of 2:10 PM on Monday, Oct 3, an increase of $0.04, or 3.03% from the previous closing price of $1.32. The stock has traded between $1.31 and $1.38 so far today. Volume today is light. So far 340,525 shares have traded compared to average volume of 551,926 shares.

More About Loandepot Inc

loanDepot Inc provides nonbank consumer lending solutions for individuals in the United States. It offers personal, residential home, home refinancing, mortgage and home equity loans. It also provides online mortgage loans for refinancing and home purchases. It serves customers through distribution channels, including consumer direct centres, retail branches, wholesale centres, and consumer finance and servicing centres in the United States. It competes with commercial banks and financial institutions. The Company is subject to governmental laws and regulations. Click Here to get the full Stock Report for Loandepot Inc stock.

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