Should You Buy MediaAlpha Inc (MAX) Stock After it Has Gained 1.36% in a Week?

The market has been down on MediaAlpha Inc (MAX) stock recently. MAX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 MAX Stock Today?

MediaAlpha Inc (MAX) stock is trading at $9.66 as of 3:03 PM on Monday, Oct 30, a rise of $0.76, or 8.54% from the previous closing price of $8.90. The stock has traded between $8.98 and $9.72 so far today. Volume today is less active than usual. So far 56,951 shares have traded compared to average volume of 139,986 shares.

More About MediaAlpha Inc

MediaAlpha Inc provides a platform that facilitates insurance carriers and distributors target and acquire customers. The company's technology platform brings insurance carriers and consumers together through a real-time, transparent, and results-driven ecosystem. It acts as a customer acquisition channel in the areas of property & casualty insurance, health insurance, and life insurance. The company operates in the United States and generates revenue by earning a fee for each consumer referral sold on its platform. Click Here to get the full Stock Report for MediaAlpha Inc stock.