Is Sally Beauty Holdings Inc (SBH) a Stock to Watch After Gaining 1.06% This Week?

Sally Beauty Holdings Inc (SBH) stock is up 1.06% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sally Beauty Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SBH!

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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. 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 SBH Stock Today?

Sally Beauty Holdings Inc (SBH) stock is trading at $12.42 as of 2:39 PM on Thursday, Mar 28, a gain of $0.25, or 2.05% from the previous closing price of $12.17. The stock has traded between $12.16 and $12.55 so far today. Volume today is light. So far 463,141 shares have traded compared to average volume of 1,476,340 shares. To screen for more stocks like Sally Beauty Holdings Inc click here.

More About Sally Beauty Holdings Inc

Sally Beauty Holdings Inc is a professional beauty-products retailer based in the United States. Sally Beauty operates throughout the United States, Puerto Rico, the United Kingdom, Belgium, Canada, Chile, Colombia, Mexico, Peru, France, Ireland, Spain, Germany, and the Netherlands. The company operates through two business segments: Sally Beauty Supply and Beauty Systems Group. Product offerings include hair color and care, hair dryers and hair-styling appliances, nail care, skin care, and others. Click Here to get the full Stock Report for Sally Beauty Holdings Inc stock.