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Is Scientific Games Corp (SGMS) Stock About to Get Hot Thursday?

Thursday, October 28, 2021 10:45 AM | InvestorsObserver Analysts
Is Scientific Games Corp (SGMS) Stock About to Get Hot Thursday?

The market has been high on Scientific Games Corp (SGMS) stock recently. SGMS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Scientific Games Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SGMS!

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 SGMS Stock Today?

Scientific Games Corp (SGMS) stock is down -13.56% while the S&P 500 has risen 0.74% as of 10:35 AM on Thursday, Oct 28. SGMS is lower by -$12.08 from the previous closing price of $89.08 on volume of 694,655 shares. Over the past year the S&P 500 has gained 35.23% while SGMS has risen 142.37%. SGMS lost -$1.24 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Scientific Games Corp click here.

More About Scientific Games Corp

Scientific Games Corp is a provider of gaming products, systems, and services to the lottery and pari-mutuel industries. The firm operates in four segments. The Gaming business segment that derives majority revenue sells gaming machines, VGTs, VLTs, and conversion kits and parts, leases or provides gaming machines, server-based systems. Lottery business segment provides systems products and services generally comprised of POS terminals, a central system, customized computer software, data communication services. SciPlay business segment develops, markets, and operates a portfolio of social games played on various mobile and web platforms. Digital business segment provides customizable software design, development, licensing, maintenance, and support services. Click Here to get the full Stock Report for Scientific Games Corp stock.

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