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Should You Buy Hibbett Inc (HIBB) Stock on Monday?

Monday, March 18, 2024 03:00 PM | InvestorsObserver Analysts

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Should You Buy Hibbett Inc (HIBB) Stock on Monday?

Hibbett Inc (HIBB) stock is lower by 8.98% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Hibbett Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HIBB!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 HIBB Stock Today?

Hibbett Inc (HIBB) stock is lower by -1.21% while the S&P 500 has gained 0.8% as of 2:50 PM on Monday, Mar 18. HIBB is down -$0.83 from the previous closing price of $68.51 on volume of 265,047 shares. Over the past year the S&P 500 has risen 30.53% while HIBB has gained 12.35%. HIBB earned $8.56 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.91. To see InvestorsObserver's Sentiment Score for Hibbett Inc click here.

More About Hibbett Inc

Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style. Click Here to get the full Stock Report for Hibbett Inc stock.

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