Should You Buy Coupa Software Inc (COUP) Stock After it Is Higher By 0.44% in a Week?

Friday, February 24, 2023 01:23 PM | InvestorsObserver Analysts

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Should You Buy Coupa Software Inc (COUP) Stock After it Is Higher By 0.44% in a Week?

Coupa Software Inc (COUP) stock has risen 0.44% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Coupa Software Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on COUP!

See Full COUP Report

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 COUP Stock Today?

Coupa Software Inc (COUP) stock is trading at $80.35 as of 1:20 PM on Friday, Feb 24, a drop of -$0.07, or -0.08% from the previous closing price of $80.41. Volume today is low. So far 750,290 shares have traded compared to average volume of 1,977,117 shares. The stock has traded between $80.27 and $80.41 so far today.

More About Coupa Software Inc

Coupa Software is a cloud-based provider of business spending management solutions. Its BSM platform provides visibility into all spending, allowing companies to gain control over their spending, optimize their supplier network and supply chains, and manage liquidity. The platform's transactional core consists of procurement, invoicing, expense management, and payment solutions, while supporting modules ranging from strategic sourcing solutions to supply chain design and planning solutions round out the comprehensive spending management ecosystem. Click Here to get the full Stock Report for Coupa Software Inc stock.