Is Weis Markets, Inc. (WMK) a Stock to Watch After Gaining 1.40% This Week?

The market has been high on Weis Markets, Inc. (WMK) stock recently. WMK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Weis Markets, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WMK!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 WMK Stock Today?

Weis Markets, Inc. (WMK) stock is down -1.63% while the S&P 500 is higher by 0.13% as of 1:37 PM on Thursday, Jan 4. WMK is lower by -$1.09 from the previous closing price of $66.81 on volume of 26,492 shares. Over the past year the S&P 500 is up 23.19% while WMK is lower by -19.33%. WMK earned $4.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.76.

More About Weis Markets, Inc.

Weis Markets Inc is a U.S.-based company that is principally engaged in retailing food products in Pennsylvania and surrounding states. The company's products consist of center-store goods, fresh goods, pharmacy services, fuel, and other. The center-store goods include groceries, dairy products, frozen foods, alcoholic beverage, and general merchandise items. The fresh goods include meats, seafood, floral, prepared foods, and bakery products. The center-store goods and fresh goods jointly account for the majority of the company's total revenue. Click Here to get the full Stock Report for Weis Markets, Inc. stock.