Overall market sentiment has been high on Republic Services, Inc. (RSG) stock lately. RSG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 RSG Stock Today?
Republic Services, Inc. (RSG) stock is trading at $110.87 as of 11:42 AM on Thursday, May 6, an increase of $1.61, or 1.47% from the previous closing price of $109.26. The stock has traded between $109.93 and $112.13 so far today. Volume today is light. So far 541,710 shares have traded compared to average volume of 994,004 shares.
To see InvestorsObserver's Sentiment Score for Republic Services, Inc. click here.
More About Republic Services, Inc.
Republic Services ranks as the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 189 active landfills and more than 200 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation North America.
Click Here to get the full Stock Score Report on Republic Services, Inc. (RSG) Stock.
