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Is Polaris Inc (PII) a Stock to Watch After Gaining 8.63% This Week?

Friday, June 02, 2023 02:35 PM | InvestorsObserver Analysts

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Is Polaris Inc (PII) a Stock to Watch After Gaining 8.63% This Week?

Overall market sentiment has been high on Polaris Inc (PII) stock lately. PII receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Polaris Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PII!

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 PII Stock Today?

Polaris Inc (PII) stock is trading at $115.36 as of 2:29 PM on Friday, Jun 2, a gain of $4.76, or 4.3% from the previous closing price of $110.60. The stock has traded between $111.13 and $116.08 so far today. Volume today is less active than usual. So far 378,115 shares have traded compared to average volume of 554,645 shares.

More About Polaris Inc

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the boat market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 30 subsidiaries and 90 distributors in more than 120 countries outside North America at the end of 2021. Click Here to get the full Stock Report for Polaris Inc stock.

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