The market has been high on Entercom Communications Corp. (ETM) stock recently. ETM gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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 ETM Stock Today?
Entercom Communications Corp. (ETM) stock is trading at $2.44 as of 2:13 PM on Wednesday, Nov 18, a rise of $0.26, or 11.67% from the previous closing price of $2.19. The stock has traded between $2.19 and $2.53 so far today. Volume today is 2,599,292 compared to average volume of 2,322,752.
To screen for more stocks like Entercom Communications Corp. click here.
More About Entercom Communications Corp.
Entercom Communications Corp is a radio broadcasting company in the United States. It has a portfolio of approximately 125 radio stations in around 25 markets across the country. The company invests in local talent, news, sports, events, communities and people. The company generates revenue from the sale to advertisers of various services and products, including commercial broadcast time; digital advertising; local events; e-commerce where an advertiser's goods and services are sold through its websites; and integrated digital advertising solutions.
Click Here to get the full Stock Score Report on Entercom Communications Corp. (ETM) Stock.
