Mohawk Industries Inc (MHK) Stock: What Does the Chart Say Wednesday?

Mohawk Industries Inc (MHK) stock is higher by 4.88% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MHK Stock Today?

Mohawk Industries Inc (MHK) stock is trading at $88.10 as of 2:22 PM on Wednesday, Nov 29, a rise of $2.27, or 2.64% from the previous closing price of $85.83. The stock has traded between $86.93 and $88.89 so far today. Volume today is light. So far 484,126 shares have traded compared to average volume of 819,046 shares. To screen for more stocks like Mohawk Industries Inc click here.

More About Mohawk Industries Inc

Mohawk Industries manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. The Georgia-based company has grown from a U.S.-focused carpeting manufacturer to a leading global player in the diversified flooring market. Mohawk operates three reporting segments: global ceramic ($3.6 billion of sales in 2019), North America flooring ($3.8 billion), and rest of the world flooring ($2.5 billion). The company generates approximately 60% of its sales in the United States. Click Here to get the full Stock Report for Mohawk Industries Inc stock.