Overall market sentiment has been high on BRP Inc (DOOO) stock lately. DOOO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
BRP Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DOOO!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 DOOO Stock Today?
BRP Inc (DOOO) stock is trading at $99.17 as of 12:14 PM on Friday, Sep 3, an increase of $5.15, or 5.48% from the previous closing price of $94.02. The stock has traded between $94.44 and $100.00 so far today. Volume today is elevated. So far 152,244 shares have traded compared to average volume of 68,657 shares.
More About BRP Inc
BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers parts, accessories, and clothing that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats) and Telwater (in Australia). At the end of fiscal 2021, the company marketed its products through a network of more than 3,500 independent dealers and 190 distributors in about 130 countries.
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