Should You Buy Dorman Products Inc (DORM) Stock After it Has Fallen 9.64% in a Week?

Overall market sentiment has been down on Dorman Products Inc (DORM) stock lately. DORM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Dorman Products Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DORM!

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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. 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 DORM Stock Today?

Dorman Products Inc (DORM) stock is trading at $66.30 as of 1:39 PM on Wednesday, Nov 1, an increase of $4.12, or 6.63% from the previous closing price of $62.18. The stock has traded between $60.12 and $66.49 so far today. Volume today is elevated. So far 331,257 shares have traded compared to average volume of 100,640 shares.

More About Dorman Products Inc

Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy duty replacement parts, automotive hardware, brake parts, and fasteners to the automotive and heavy duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. The company operates primarily in the United States. Click Here to get the full Stock Report for Dorman Products Inc stock.