Should You Buy CorVel Corp (CRVL) Stock on Wednesday?

CorVel Corp (CRVL) stock is up 7.82% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

CorVel Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CRVL!

See Full CRVL Report

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. 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 CRVL Stock Today?

CorVel Corp (CRVL) stock is higher by 2.45% while the S&P 500 is lower by -0.33% as of 12:11 PM on Wednesday, Feb 21. CRVL is up $6.13 from the previous closing price of $250.32 on volume of 42,904 shares. Over the past year the S&P 500 is up 24.06% while CRVL is up 41.94%. CRVL earned $4.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 59.43.

More About CorVel Corp

CorVel Corp applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies and government agencies in managing worker's compensation and health, auto and liability services. The company's solutions combine integrated technologies with a human touch. CorVel's customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients. Click Here to get the full Stock Report for CorVel Corp stock.