Overall market sentiment has been down on Goosehead Insurance Inc (GSHD) stock lately. GSHD receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GSHD Stock Today?
Goosehead Insurance Inc (GSHD) stock is trading at $99.51 as of 11:17 AM on Tuesday, Apr 6, an increase of $2.68, or 2.77% from the previous closing price of $96.83. The stock has traded between $95.95 and $99.56 so far today. Volume today is low. So far 110,678 shares have traded compared to average volume of 194,352 shares.
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More About Goosehead Insurance Inc
Goosehead Insurance Inc operates as an insurance agency. Its insurance products consist of homeowner's insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance (motorcycle, recreational vehicle and other insurance); commercial lines insurance (general liability, property, and auto insurance for small businesses); and life insurance. Its operating segments are the Corporate Channel and Franchise Channel. The majority of the company's revenue gets contributed by the Corporate Channel segment. It operates in Texas, California, Illinois, Florida, and other regions.
Click Here to get the full Stock Score Report on Goosehead Insurance Inc (GSHD) Stock.
