Is Tractor Supply Co (TSCO) a Stock to Watch After Gaining 5.67% This Week?

The market has been high on Tractor Supply Co (TSCO) stock recently. TSCO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Tractor Supply Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TSCO!

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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. 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 TSCO Stock Today?

Tractor Supply Co (TSCO) stock is trading at $209.42 as of 2:49 PM on Friday, Dec 1, a rise of $6.41, or 3.16% from the previous closing price of $203.01. The stock has traded between $203.03 and $210.21 so far today. Volume today is less active than usual. So far 786,923 shares have traded compared to average volume of 1,302,666 shares.

More About Tractor Supply Co

Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,003 of its namesake banners in 49 states and 178 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. In fiscal 2021, revenue consisted primarily of livestock and pet (47%), hardware, tools, and truck (21%), and seasonal gift and toy (21%). Click Here to get the full Stock Report for Tractor Supply Co stock.