Should You Buy Del Taco Restaurants Inc (TACO) Stock on Monday?

Monday, December 06, 2021 01:04 PM | InvestorsObserver Analysts

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Should You Buy Del Taco Restaurants Inc (TACO) Stock on Monday?

Del Taco Restaurants Inc (TACO) stock has risen 61.50% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Del Taco Restaurants Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TACO!

See Full TACO Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 TACO Stock Today?

Del Taco Restaurants Inc (TACO) stock is trading at $12.50 as of 1:02 PM on Monday, Dec 6, a gain of $4.96, or 65.94% from the previous closing price of $7.53. The stock has traded between $12.39 and $12.52 so far today. Volume today is high. So far 8,179,060 shares have traded compared to average volume of 197,948 shares. To see InvestorsObserver's Sentiment Score for Del Taco Restaurants Inc click here.

More About Del Taco Restaurants Inc

Del Taco Restaurants Inc is a restaurant operator company. It is a franchisor of restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. The company holds approximately 564 Del Taco restaurants, a majority of these in the Pacific Southwest. Click Here to get the full Stock Report for Del Taco Restaurants Inc stock.