Overall market sentiment has been high on Switch Inc (SWCH) stock lately. SWCH receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Switch Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SWCH!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SWCH Stock Today?
Switch Inc (SWCH) stock is trading at $34.06 as of 3:22 PM on Wednesday, Oct 5, a gain of $0.02, or 0.04% from the previous closing price of $34.05. Volume today is 1,580,211 compared to average volume of 1,721,017. The stock has traded between $33.94 and $34.09 so far today.
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More About Switch Inc
Switch Inc is a US-based technology infrastructure company. It is engaged in designing, constructing, and operating hyper-scale data centers. The company has developed patented technologies that have redefined data center space and cooling, allowing customers to deploy high-density and scalable IT architectures to support demanding and critical workloads. Switch owns and operates primary campus locations called Primes. These Primes are The Core Campus in Vegas, Nevada; The Citadel Campus near Reno, Nevada; The Pyramid Campus in Grand Rapids, Michigan; and The Keep Campus in Atlanta, Georgia. It generates the majority of its revenue through colocation, which includes the licensing and leasing of cabinet space & power.
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