Is Vroom Inc (VRM) a Stock to Watch After Gaining 3.85% This Week?

Vroom Inc (VRM) stock is higher by 3.85% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With VRM Stock Today?

Vroom Inc (VRM) stock is down -2.27% while the S&P 500 has risen 0.23% as of 10:48 AM on Wednesday, Oct 11. VRM is lower by -$0.03 from the previous closing price of $1.11 on volume of 330,489 shares. Over the past year the S&P 500 is higher by 20.92% while VRM is lower by -1.82%. VRM lost -$1.21 per share in the over the last 12 months. To screen for more stocks like Vroom Inc click here.

More About Vroom Inc

Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company's ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions. Click Here to get the full Stock Report for Vroom Inc stock.