Should You Buy Deere & Company (DE) Stock on Monday?

Overall market sentiment has been down on Deere & Company (DE) stock lately. DE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Deere & Company has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DE!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With DE Stock Today?

Deere & Company (DE) stock is trading at $334.51 as of 11:58 AM on Monday, May 23, an increase of $21.69, or 6.93% from the previous closing price of $312.82. The stock has traded between $316.18 and $337.27 so far today. Volume today is 2,264,787 compared to average volume of 1,906,630. To see InvestorsObserver's Sentiment Score for Deere & Company click here.

More About Deere & Company

Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through a robust dealer network, which includes over 1,900 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales. Click Here to get the full Stock Report for Deere & Company stock.