Should You Buy Compass Diversified Holdings (CODI) Stock on Wednesday?

Compass Diversified Holdings (CODI) stock is up 1.65% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Compass Diversified Holdings has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CODI!

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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 CODI Stock Today?

Compass Diversified Holdings (CODI) stock is trading at $19.11 as of 3:26 PM on Wednesday, Nov 30, a gain of $0.38, or 2.03% from the previous closing price of $18.73. The stock has traded between $18.35 and $19.25 so far today. Volume today is 234,621 compared to average volume of 229,712. To screen for more stocks like Compass Diversified Holdings click here.

More About Compass Diversified Holdings

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and niche industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. It includes Advanced Circuits, Arnold, Foam Fabricators, and Sterno. The company has operations in the US, Canada, Europe, Asia Pacific, and other International areas. Click Here to get the full Stock Report for Compass Diversified Holdings stock.