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 GRMN Stock Today?
Garmin Ltd (GRMN) stock is trading at $148.09 as of 3:14 PM on Tuesday, Mar 12, a gain of $2.10, or 1.44% from the previous closing price of $145.99. The stock has traded between $145.32 and $148.89 so far today. Volume today is 1,078,890 compared to average volume of 1,099,299.
To see InvestorsObserver's Sentiment Score for Garmin Ltd click here.
More About Garmin Ltd
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
Click Here to get the full Stock Report for Garmin Ltd stock.
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