Should You Buy Mohawk Industries Inc (MHK) Stock After it Is Up 12.30% in a Week?

The market has been high on Mohawk Industries Inc (MHK) stock recently. MHK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Mohawk Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MHK!

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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. 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 MHK Stock Today?

Mohawk Industries Inc (MHK) stock is trading at $85.98 as of 2:56 PM on Friday, Nov 3, an increase of $2.94, or 3.55% from the previous closing price of $83.04. The stock has traded between $84.90 and $86.95 so far today. Volume today is low. So far 590,124 shares have traded compared to average volume of 845,235 shares. To screen for more stocks like Mohawk Industries Inc click here.

More About Mohawk Industries Inc

Mohawk Industries manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. The Georgia-based company has grown from a U.S.-focused carpeting manufacturer to a leading global player in the diversified flooring market. Mohawk operates three reporting segments: global ceramic ($3.6 billion of sales in 2019), North America flooring ($3.8 billion), and rest of the world flooring ($2.5 billion). The company generates approximately 60% of its sales in the United States. Click Here to get the full Stock Report for Mohawk Industries Inc stock.