Overall market sentiment has been down on DISH Network Corp (DISH) stock lately. DISH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
DISH Network Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DISH!
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 DISH Stock Today?
DISH Network Corp (DISH) stock is trading at $16.44 as of 10:52 AM on Wednesday, Sep 21, an increase of $0.28, or 1.73% from the previous closing price of $16.16. The stock has traded between $16.20 and $16.56 so far today. Volume today is light. So far 848,165 shares have traded compared to average volume of 3,561,898 shares.
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More About DISH Network Corp
From its founding in the 1980s Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 8 million U.S. customers via its network of owned and leased satellites. Dish launched an internet-based television offering under the Sling brand in 2015 and now serves about 2.5 million customers on this platform. Dish's future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past decade, spending about $30 billion in the process, and is now building a nationwide wireless network. It acquired Sprint's prepaid business, serving about 8.5 million customers, as the entry point into the wireless retail market.
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