The market has been high on Toll Brothers Inc (TOL) stock recently. TOL gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 TOL Stock Today?
Toll Brothers Inc (TOL) stock is trading at $32.50 as of 1:17 PM on Thursday, Jul 9, a decline of -$1.20, or -3.56% from the previous closing price of $33.70. The stock has traded between $31.96 and $33.81 so far today. Volume today is low. So far 1,240,920 shares have traded compared to average volume of 2,865,713 shares.
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More About Toll Brothers Inc
Toll Brothers is the leading luxury homebuilder in the United States with an average sales price well above public competitors'. The company operates in 50 markets across 23 states and caters to move-up, active-adult, and second-homebuyers. Traditional homebuilding operations represents approximately 95% of the company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers, primarily on the East Coast. The company's headquarters is in Horsham, Pennsylvania.
