Is PriceSmart, Inc. (PSMT) a Stock to Watch After Losing -0.60% This Week?

The market has been high on PriceSmart, Inc. (PSMT) stock recently. PSMT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

PriceSmart, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PSMT!

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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 PSMT Stock Today?

PriceSmart, Inc. (PSMT) stock is trading at $83.23 as of 1:28 PM on Friday, Mar 8, a decline of -$0.75, or -0.89% from the previous closing price of $83.98. The stock has traded between $82.88 and $84.42 so far today. Volume today is low. So far 22,601 shares have traded compared to average volume of 145,562 shares. To screen for more stocks like PriceSmart, Inc. click here.

More About PriceSmart, Inc.

Pricesmart Inc is a company principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue. Click Here to get the full Stock Report for PriceSmart, Inc. stock.